Xos, Inc. launches two new commercial electric vehicles and
LOS ANGELES, May 10, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading fleet services provider, today unveiled two new commercial electric vehicles along with its connected vehicle ecosystem at a reveal event tonight during the inaugural Xos Fleet Week. . These new fleet vehicles make Xos the leading provider of battery electric fleet solutions for commercial fleets. Xos is the only solution provider to enable end-to-end electrification with sustainable commercial vehicles, flexible charging infrastructure technology and a consistent cloud management platform enabling tracking, monitoring and control at distance of fleet assets in a fleet operator’s portfolio.
The Xos HDXT™ is a Class 8 electric tractor designed for regional haul fleets and can travel up to 230 miles on a single charge. It offers a powerful 36,583 lb-ft of torque, the highest torque currently offered by a utility vehicle on the market today, along with a payload of 56,000 lbs and 798 horsepower. Gross Combined Vehicle Weight (gcwr), the maximum weight of a vehicle and its attached trailer, is 82,000 pounds.
McLane Companya leading supply chain distribution and service company, has accepted a pilot program with 10 Xos HDXT™ vehicles to explore green alternatives to its current fleet.
“We are thrilled to partner with Xos and pilot their heavy-duty vehicles,” said Mark Bachman, McLane Corporate Fleet Manager. so we look forward to exploring how they will help us reduce total cost of ownership while providing increased environmental sustainability.
The Xos MDXT™ is a Class 6 or 7 medium electric vehicle that can travel up to 270 miles on a single charge. It offers a maximum torque of 16,000 lb-ft and a gross vehicle weight range of 23,000 to 33,000 pounds. The MDXT is available in a variety of body configurations, including box truck, refrigerated unit, and flatbed.
National Distribution Company of the Republic, one of the nation’s leading wholesale beverage distributors, has already ordered the first five MDXT vehicles. These will be the first battery-electric fleet vehicles in their fleet and represent RNDC’s commitment to sustainability.
“We are building the fleet of the future. New vehicle platforms go further, last longer and cost less for all types of fleets,” said Dakota Semler, CEO of Xos. “We will continue to bring innovative fleet solutions to market with the goal of providing customers with safer, more durable and more cost-effective products.”
According to the United States Environmental Protection Agency, the transportation sector is one of the the biggest contributors to anthropogenic greenhouse gas (GHG) emissions in the United States. Medium and heavy trucks contribute nearly a quarter of these transportation-related emissions. The electrification of these vehicles is essential to reduce these emissions.
“As an organization we are committed to reducing our environmental impact across our entire distribution network and the Xos MDXT is a great zero-emissions vehicle for us as it allows us to efficiently meet the needs of our suppliers, customers and community,” said Steve Feldman, executive vice president of operations at Republic National Distributing Company.
Xos also announced its new software, Xosphere™, a fleet intelligence platform built on Xos’ exclusive connected vehicle technology and designed specifically to minimize the total cost of ownership of an electric fleet.
The platform allows fleet managers to:
- Monitor real-time performance and receive live alerts and updates to improve their fleet efficiency.
- Measure and minimize the total energy cost of their fleet.
- Access service and support with one click.
UniFirsta North American leader in the supply and maintenance of uniform and workwear programs, and an existing Xos customer, already uses Xosphere software to track the health of its fleet in real time.
“The industry-leading fleet management platform that Xos has brought to the market will not only help us monitor the health of our fleet in real time, but this solution will also allow us to track our service history and alert us when preventative maintenance is suggested that will optimize our energy usage,” commented Michael Croatti, Executive Vice President of Operations for UniFirst.
“Our new offerings position Xos as a leading provider of end-to-end fleet services, which is a monumental step for us,” said Giordano Sordoni, COO and co-founder of Xos. “Xos’ approach to production scale and design allows the company to move with agility and use capital more efficiently than traditional OEMs. These trucks are not simply concepts, they are a reality and can be ordered today to advance fleet electrification efforts across the country.”
To learn more about new Xos offerings, please visit www.xostrucks.com.
About Xos, Inc.
Xos is a leading OEM manufacturer of Class 5-8 Battery Electric Vehicles and the tools to adopt them. Xos vehicles and fleet management software are specifically designed for medium and heavy-duty commercial vehicles that cover last mile, return-to-base routes of 200 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 effective on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.
Caution Regarding Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will”, “will continue”, “will probably result” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, but not limited to: (i) Xos’ ability to implement business plans , forecasts and other expectations, and to identify and realize additional opportunities, (ii) cost increases and shortages in the supply chain of components required to produce the vehicle chassis and battery system Xos, (iii) changes in the industries in which Xos operates, (iv) changes in laws and regulations affecting Xos’ business, (iv) Xos’ ability to retain key personnel and hire additional personnel, (v) the risk of a downturn and the changing regulatory landscape in the highly competitive electric vehicle industry; and (vi) the outcome of any legal proceedings that may be brought against Xos. You should carefully consider the foregoing factors and the other risks and uncertainties described under “Risk Factors” included in Xos’ Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on May 9, 2022 and other documents filed by Xos with the SEC, copies of which may be obtained by visiting Xos’ Investor Relations website at https://investors .xostrucks.com/ or the SEC website at www.sec. govt. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on any forward-looking statements, and Xos undertakes no obligation and does not intend to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Xos does not guarantee that it will meet its expectations.
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