STOCK TITAN

Xos, Inc., Winnebago Announce Partnership and Development of Fully Electric Specialty Vehicle Chassis

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Xos, Inc. (NASDAQ: XOS) and Winnebago Industries (NYSE: WGO) announce a partnership to develop a fully electric chassis for Winnebago's Specialty Vehicles division. The collaboration aims to provide innovative, zero-emission solutions for the specialty vehicle market, leveraging Xos' battery and electronics technology. The partnership combines the strengths of both companies to meet the increasing demand for electric commercial vehicles.
Positive
  • None.
Negative
  • None.

Insights

The partnership between Xos, Inc. and Winnebago Industries represents a strategic move to capitalize on the growing demand for zero-emission commercial vehicles. The integration of Xos' battery and electronics technology into Winnebago's specialty vehicles is expected to enhance the company's competitive edge in the market. This collaboration is likely to attract investors interested in sustainable and innovative transportation solutions.

The development of a fully electric chassis for Winnebago’s Specialty Vehicles division signifies a positive step towards reducing carbon emissions in the commercial vehicle sector. With an estimated driving range of up to 200 miles and the elimination of tailpipe emissions, the new electric vehicles could significantly impact air quality and noise pollution, particularly in urban areas where such specialty vehicles are commonly utilized.

Xos' SV platform technology and Xosphere fleet management software are central to this partnership, offering scalability and reliable service support. The compatibility of these systems with Winnebago's manufacturing processes may set a new standard in the specialty vehicle market. Continuous software improvements and dependable access to parts could lead to increased operational efficiency and customer satisfaction.

LOS ANGELES and FOREST CITY, Iowa, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading manufacturer of electric commercial vehicles, and Winnebago®, the flagship brand of outdoor lifestyle product manufacturer Winnebago Industries (NYSE: WGO), are pleased to announce an exciting partnership and development of a fully electric chassis for Winnebago’s Specialty Vehicles division. This chassis utilizes proven Xos battery and electronics technology and is customized for Winnebago’s unique commercial applications.

“We constantly seek new ways to enhance our customers’ mission, and our partnership with Xos is an important next step in our efforts,” said Robert Kim, director for Winnebago’s Specialty Vehicles division. “The near-term demand for zero-emission vehicle options from our Specialty Vehicle division continues to grow and we look forward to extending our leadership position using an Xos chassis designed to integrate seamlessly into our manufacturing processes.”

With the delivery of the first chassis, this partnership brings together two industry leaders to provide innovative, fully-electric solutions for the specialty vehicle market. Winnebago’s Specialty Vehicles division has been providing commercial vehicles for over 50 years and has led the market with zero-emissions vehicle solutions, with their first electric vehicle introduced in 2018.

"We are thrilled to partner with Winnebago to move the industry forward," said Dakota Semler, CEO and Co-Founder of Xos, Inc. "This is a testament to the quality and reliability of our products, and to the customer-centered design approach of Winnebago’s Specialty Vehicle team. This partnership combines the strengths of both companies and positively impacts the communities these vehicles serve."

The specialized chassis for Winnebago will utilize Xos' proven SV platform technology allowing for quick scalability, dependable access to parts, continued software improvements, and scalable service support. The chassis is also compatible with Xosphere, Xos' fleet management software, providing end-users with a comprehensive support system. The use cases for this platform can include but are not limited to, mobile child advocacy centers, medical and dental clinics, blood donation vehicles, and mobile command vehicles. Xos' electric chassis will underpin Winnebago’s zero-emissions commercial vehicle shells, available in 33’ and 38’ lengths. With an estimated driving range up to 200 miles, this new vehicle eliminates tailpipe emissions, reduces noise, and reduces overall operating costs.

“Our approach to innovation is rooted in embracing change and collaborating across our businesses to create the best possible experiences for our customers,” said Jamie Sorenson, director in Winnebago Industries’ Advanced Technology Group, a project partner. “We are constantly monitoring evolving customer needs and technology solutions and our partnership with Xos represents a significant milestone in our journey into the future of electric specialty vehicles.”

About Xos, Inc.
Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. 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. The company leverages its proprietary technologies to provide commercial fleets with battery-electric 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, visit www.xostrucks.com.

About Winnebago
Winnebago brand RVs have been a part of the American outdoor experience since pioneering the category in 1958. Winnebago offers legendary innovation, quality and service across a full spectrum of towable travel trailers and motorhomes ranging from camper vans to luxury Class A diesel pushers. For more information, visit www.winnebago.com. Winnebago is a wholly owned subsidiary of Winnebago Industries (NYSE:WGO), a manufacturer of premium leisure travel and outdoor recreation products under the five brands: Winnebago, Grand Design, Chris-Craft, Newmar and Barletta. For access to Winnebago Industries’ investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.

About Winnebago Specialty Vehicles
Winnebago Specialty Vehicles is a division of Winnebago, working for over 55 years to develop unique and customized specialty vehicle applications in diverse domains like mobile medical, mobile opioid clinics and other mobile business applications. Winnebago Specialty Vehicles also designs and develops diverse vehicles for customers with accessibility challenges. With manufacturing operations in Forest City, IA and a nationwide sales and service network, Winnebago Specialty Vehicles specializes in high-performance applications. The division has designed, built and delivered multiple all-electric vehicles to customers across the USA since 2018. 

Contacts

Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com

Winnebago Industries Investor Relations
IR@winnebagoind.com

Winnebago Industries Media Relations
Media@winnebagoind.com


FAQ

What is the partnership between Xos, Inc. and Winnebago Industries about?

The partnership aims to develop a fully electric chassis for Winnebago's Specialty Vehicles division using Xos' technology.

What are the key benefits of the partnership for Winnebago?

The partnership allows Winnebago to offer zero-emission solutions for its specialty vehicles, meeting the growing demand for electric commercial vehicles.

How does Xos' technology contribute to the partnership?

Xos' battery and electronics technology is utilized in the customized chassis for Winnebago's unique commercial applications.

What are the potential use cases for the electric chassis developed through this partnership?

The chassis can be used for mobile child advocacy centers, medical clinics, blood donation vehicles, and mobile command vehicles.

What is the estimated driving range of the new electric vehicle?

The vehicle is estimated to have a driving range of up to 200 miles, eliminating tailpipe emissions and reducing operating costs.

Winnebago Industries, Inc.

NYSE:WGO

WGO Rankings

WGO Latest News

WGO Stock Data

1.73B
27.88M
3.3%
112.25%
16.08%
Recreational Vehicles
Motor Homes
Link
United States of America
EDEN PRAIRIE