Xos Inc Stock Price, News & Analysis

Xos, Inc. (NASDAQ: XOS) has introduced Xos DC Fast Chargers as part of its Xos Energy Solutions™ for electric vehicles. This new product line includes five charger models: 30kW, 60kW, 150kW, and 300kW, which can be used for both passenger and commercial vehicles. The chargers are compatible with the Xosphere™ fleet management platform for enhanced monitoring and maintenance. Additionally, Xos secured a purchase order for nine chargers from Morgan Services, Inc. for installation in Los Angeles.

Xos, Inc. (NASDAQ: XOS) has partnered with ShipX to promote battery-electric vehicles (BEVs) in delivery fleets. This collaboration aims to accelerate the adoption of BEVs, with ShipX facilitating the promotion of Xos vehicles to its clients. Xos may provide discounts or incentives to clients purchasing or leasing their vehicles. Both companies share a commitment to smarter, cleaner delivery solutions. Xos specializes in manufacturing Class 5 to Class 8 battery-electric commercial vehicles, focusing on sustainability and cost efficiency for fleet operators.

Xos, a technology company specializing in battery-electric commercial vehicles, announced the implementation of Advanced Driver Assistance System (ADAS) features into all its stepvans as standard. The suite includes Lane Keep Alert, Forward Collision Warning, Pedestrian Warning, Speed Limit Indicator, Distance Warning, and a Rear Camera. According to Vice President Saleh Heydari, these enhancements aim to boost driver safety and confidence. Xos provides electric vehicles designed for commercial use, focusing on cost efficiency and ease of maintenance.

Xos, a leader in battery-electric commercial vehicles, announced its participation in the 15th Annual Cowen Global Transportation & Sustainable Mobility Conference on September 9, 2022. Senior management, including CEO Dakota Semler and COO Giordano Sordoni, will engage in a fireside chat scheduled from 4:20 PM to 4:50 PM ET. Interested stakeholders can access the live webcast and its replay through the Investor Relations section of Xos' website. Xos focuses on zero-emission vehicles designed for efficient fleet management on daily routes of up to 270 miles.

Xos, Inc. (NASDAQ: XOS), a technology firm specializing in fleet services and battery-electric commercial vehicles, has selected The W.W. Williams Company as a pilot service provider in Arizona. This partnership will enhance maintenance and repair services for Xos vehicles in the Phoenix and Tucson regions. W.W. Williams, recognized for its extensive service capabilities, will also provide essential Xos service parts to customers. This collaboration aims to improve customer satisfaction and operational efficiency for electric fleet services.

Xos, Inc. announced a strategic partnership with NationaLease, a major truck leasing organization in North America. This collaboration will feature Xos vehicles and services among NationaLease's offerings, enhancing their fleet management capabilities through Xos' Xosphere platform. Xos aims to expand its market presence while supporting the electrification of commercial fleets. NationaLease operates over 900 locations and has a fleet exceeding 165,000 vehicles, which positions this partnership as a significant step for both companies in the growing electric vehicle market.

Xos, Inc. reported a 40% revenue increase to $9.8 million for Q2 2022, driven by higher unit deliveries totaling 73 units. The company secured $55 million in additional financing and entered strategic partnerships, including collaborations with Allison Transmission and Thermo King. However, Xos faced a net loss of $9.5 million and an operating loss of $27.8 million. Looking ahead, management anticipates second-half revenues between $18.75 million and $25.60 million, with a predicted non-GAAP operating loss of $43 to $52 million.

Xos, Inc. has entered into a dealership agreement with Gabrielli Truck Sales to distribute its electric vehicles across New York, New Jersey, and Connecticut. This partnership allows Gabrielli to sell Xos' Class 5 and 6 stepvans, the medium-duty Class 6 and 7 MDXT™, and the heavy-duty Class 8 HDXT™ at 17 of its 19 locations. Xos aims to expand its market presence in the Northeast, targeting the shift from diesel to electric vehicles in commercial fleets. Gabrielli, with over 50 years of experience, is recognized for its leadership in truck sales and services.

Xos, a manufacturer of battery-electric vehicles, has successfully secured a purchase order from AUSEV Pty Ltd for a stripped chassis. This marks a significant step as Xos enters discussions for a potential manufacturing and distribution partnership in Australia, focusing on the electric vehicle market, particularly for right-hand drive vehicles. The partnership aims to enhance Xos's revenue and brand visibility in the Oceania region, leveraging AUSEV's local expertise. This initiative is seen as a crucial move towards establishing electric vehicle manufacturing in Australia.