Xos Inc Stock Price, News & Analysis

Xos, Inc. (NASDAQ: XOS) has announced a purchase order for 10 battery-electric stepvans from Zeem Solutions, a fleet-as-a-service provider. The first vehicle was delivered to Zeem's Los Angeles depot in Q2 2022. This partnership aims to support the transition to zero-emission transportation through leasing and operational services. Zeem plans to expand its depot locations across the U.S. to enhance fleet electrification. Xos specializes in manufacturing medium- and heavy-duty electric vehicles designed for last-mile delivery and offers a total cost of ownership advantage.

Xos, Inc. (NASDAQ: XOS) announced the delivery of 58 battery-electric stepvans to Merchants Fleet across three locations in California and New Hampshire during Q2 2022.

This delivery supports Merchants Fleet’s commitment to electrifying its fleet, backed by a $2.5 billion investment for 40,000 electric vehicles by 2025. Xos specializes in Class 5 to Class 8 electric vehicles aimed at medium- and heavy-duty commercial use, promoting zero-emission transportation.

Xos, Inc. (NASDAQ: XOS), a manufacturer of battery-electric vehicles, has delivered four vehicles to Loomis, a cash-handling company, reaffirming their collaboration since 2019. The deliveries occurred at Loomis locations in California, New Jersey, and North Carolina. Xos emphasizes that their vehicles contribute to reducing fuel and maintenance costs while supporting sustainability goals. The company strives to provide zero-emission vehicles that are more cost-effective than traditional models.

Xos, Inc. (NASDAQ: XOS) has announced a significant milestone by delivering three 100% battery-electric stepvans to Cutone Transport Inc. in Ontario, Canada, marking Cutone as Xos' first Canadian customer. This delivery, completed in June 2022, contributes to a total of 24 vehicles provided to FedEx Ground Operators, enhancing their sustainability efforts. The transition to electric vehicles is anticipated to yield substantial cost savings in fuel and maintenance for Cutone, aligning with their goals for a more sustainable fleet.

Xos, Inc. (NASDAQ: XOS) announced its inclusion in the Russell 3000® Index, effective June 27, 2022. This annual reconstitution ranks the largest U.S. companies by market capitalization, with membership lasting a year. Xos specializes in Class 5 to Class 8 battery-electric vehicles and fleet services. The inclusion aims to enhance Xos’ visibility among investors, providing opportunities for increased shareholder value. Xos’ CEO, Dakota Semler, emphasized this milestone as part of their strategy to be a leading manufacturer in the electric vehicle market.

Xos, Inc. (NASDAQ: XOS) has announced a replay of its Fireside Chat from the 2022 UBS Global Industrials and Transportation Conference, held on June 7, 2022. The replay is available on the investor relations page. Xos is recognized as a leading provider of Class 5 through Class 8 battery-electric vehicles, targeting medium- and heavy-duty commercial fleets with zero-emission solutions. Their proprietary technologies aim to enhance cost-efficiency on a total cost of ownership basis compared to traditional internal combustion engines.

Xos, a manufacturer of Class 5 through Class 8 battery-electric vehicles, released a video recap of its Fleet Week product reveal event held on May 10th. The video showcases the new 100% battery-electric MDXT and HDXT vehicles, along with the Xosphere fleet management platform. These innovations aim to enhance fleet management and promote zero-emission vehicles designed for commercial routes of 270 miles or less per day. Xos emphasizes cost-efficiency and ease of maintenance for its electric vehicle offerings.

Xos, Inc. (NASDAQ: XOS) unveiled two new electric vehicles during the inaugural Fleet Week, positioning itself as a leader in battery-electric fleet solutions. The Xos HDXT™ is a Class 8 heavy-duty electric tractor with a range of 230 miles and 82,000 pounds GCWR, while the Xos MDXT™ is a Class 6/7 medium-duty vehicle with a 270-mile range. Partnerships with McLane Company and Republic National Distributing Company for pilot programs highlight the vehicles' sustainability. Xos also introduced Xosphere™, a software platform for fleet management aimed at reducing total ownership costs.

Xos, Inc. has partnered with Allison Transmission to develop Class 7 and 8 battery-electric commercial vehicles. This collaboration aims to integrate Allison's eGen Power® e-Axles into Xos's vehicle platforms, enhancing the efficiency and technology of electric vehicles. The initial hardware has been delivered for testing, with more units expected throughout 2022. Xos focuses on providing zero-emission vehicles that are cost-effective compared to traditional vehicles, addressing fleet owners' challenges related to maintenance costs and emissions regulations.