Welcome to our dedicated page for Xos news (Ticker: XOS), a resource for investors and traders seeking the latest updates and insights on Xos stock.
Xos, Inc. develops fleet electrification products for commercial transportation, including battery-electric trucks, step vans, Class 6 chassis, Class 8 trucks, mobile charging systems, and Powered by Xos powertrain solutions for OEM partners. The company's updates commonly cover product launches, demonstrations at commercial vehicle and energy events, Xos Hub mobile energy storage, charging infrastructure deployments, and integrations that support back-to-base fleets.
Financial news includes quarterly operating results, cash-flow and expense trends, balance-sheet actions, and expansion across vehicles, powertrains, and energy storage. Company announcements also address customer and end-market applications for logistics operators, facilities managers, defense installations, school buses, and other fleet electrification programs.
Xos, Inc. (NASDAQ: XOS) has successfully installed its first charging infrastructure at a Southern California location for Loomis, a key customer for four years. The partnership now extends to charging solutions through Xos Energy Solutions, aimed at facilitating Loomis's transition to electric fleet operations. Loomis operates 20 battery-electric trucks from Xos. The collaboration emphasizes Xos's commitment to providing comprehensive solutions to enhance fleet efficiency and sustainability. For more details, view the company’s video on their latest infrastructure.
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Xos, Inc. (NASDAQ: XOS) has released a video featuring delivery driver Jessey Ray Hughes discussing his experience driving a 100% battery-electric Xos stepvan.
Hughes, who has over 20 years of experience operating traditional combustion engine trucks, shares his insights on transitioning to electric vehicles while working for Jones Contract Deliveries in Texarkana, Texas. This video showcases the benefits of battery-electric commercial vehicles, which are designed for efficiency and lower total cost of ownership.
Xos, Inc. (NASDAQ: XOS) has secured a purchase order for 30 battery-electric stepvans from Alsco Uniforms, a global uniform and linen rental services company. The vehicles will be deployed across five facilities in California, enhancing Alsco's fleet electrification efforts aligned with their ESG initiatives. The deployment includes nine vehicles each to Santa Rosa and San Jose, seven to San Francisco, three to Concord, and two to Los Angeles. This partnership signifies Xos's expanding footprint in the uniform and linen services sector.
Xos, Inc. (NASDAQ: XOS) has entered into a dealership agreement with Foley Equipment Company, enhancing their sales and service capabilities across Western Kansas.
Foley will offer Xos’ Class 5 and 6 stepvans, medium-duty Class 6 and 7 chassis cabs (MDXT™), along with heavy-duty Class 8 electric trailers (HDXT™). This partnership expands Xos’ dealership network to five dealers across North America, supporting their mission to provide zero-emission vehicles. The agreement aligns with the growing energy transition in the trucking industry.
Xos reported a 12% revenue increase quarter-over-quarter, achieving $11.0 million in revenue for Q3 2022. Unit deliveries rose by 21%, totaling 88 units delivered, including key customers like FedEx Ground. However, the company faced a net loss of $23.3 million and operational losses of $31.2 million. Despite challenges, Xos is committed to achieving positive gross margins by mid-2023 and has expanded its product offerings with new fast chargers and a partnership with NationaLease. The company confirmed its second-half revenue guidance of $18.75 to $25.60 million.
Xos, Inc. (NASDAQ: XOS) will announce its Q3 2022 operating results on November 10, 2022, after U.S. market close. The management will host a conference call at 4:30 p.m. EST to discuss the financial results, which will be available for all interested parties. The presentation may include forward-looking information. An audio replay will be accessible until November 24, 2022. Xos specializes in fleet services, software solutions, and manufacturing battery-electric commercial vehicles, focusing on zero-emission operations for commercial fleets.
Xos, Inc. (NASDAQ: XOS) has launched an extended service contract for its 100% battery-electric stepvan in partnership with National Truck Protection Co., Inc. (NTP). The contract offers warranties of up to eight years or 200,000 miles, aimed at reducing the total cost of ownership for customers. Xos emphasizes its leadership in the electric commercial vehicle market, while NTP brings close to 40 years of industry experience. The collaboration is positioned to enhance the customer ownership experience and increase value for fleet operators.
Xos, Inc. has announced the appointment of Stuart Bernstein to its Board of Directors, effective October 20, 2022. Bernstein, a veteran in clean technology, replaces Sara Mathew, who steps down after contributing significantly during Xos' initial year as a public company. Bernstein's experience includes founding Sustainable Capital LLC and a notable tenure at Goldman Sachs, focusing on clean technology and renewables. His role on the audit and compensation committees is expected to support Xos' mission to decarbonize commercial transportation.
Xos, Inc. (NASDAQ: XOS) announced the delivery of 88 battery-electric vehicles in Q3 2022, marking a 21% increase from Q2 2022's 73 units. The company aims to meet its guidance of 150-200 units for the second half of the year. Deliveries spanned 15 cities, with clients such as Merchants Fleet and FedEx Ground. CEO Dakota Semler highlighted the growth in manufacturing capabilities and emphasized the company's commitment to providing durable electric vehicles. Xos will release further details on third-quarter performance in an earnings call scheduled for November.