Xos Shares Recap Video of Xos Fleet Week Product Reveal Event

Rhea-AI Summary

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.

Positive

• Introduction of new 100% battery-electric MDXT and HDXT vehicles.
• Launch of Xosphere fleet management platform to enhance fleet operations.
• Focus on cost-efficiency with a total cost of ownership model compared to traditional vehicles.

Negative

• None.

News Market Reaction – XOS

+3.31%

+3.31% Session move

In the trading session that priced this news, XOS gained 3.31%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOS ANGELES, June 08, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading fleet services provider and manufacturer of Class 5 through Class 8 battery-electric vehicles, today published a recap video of its Fleet Week product reveal event that occurred on Tuesday, May 10th. The video, at three minutes long, highlights the new 100% battery-electric MDXT™ and HDXT™ vehicles and Xosphere™ fleet management platform that Xos unveiled that evening.

To watch the video, click here.

About Xos, Inc.
Xos is a leading fleet services provider and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles and the tools to adopt them. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes of 270 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.

Contacts
Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com

FAQ

What new products did Xos unveil on May 10, 2022?

Xos unveiled the new 100% battery-electric MDXT and HDXT vehicles.

What is the Xosphere platform introduced by Xos?

The Xosphere is a fleet management platform launched to improve fleet operations.

How does Xos's electric vehicles compare in cost-efficiency?

Xos's electric vehicles are designed to be more cost-efficient on a total cost of ownership basis compared to internal combustion engine vehicles.

What is the intended use for Xos’s electric vehicles?

Xos’s electric vehicles are intended for medium- and heavy-duty commercial vehicles operating on last-mile routes of 270 miles or less per day.