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 (XOS) is a leader in electric mobility solutions for commercial fleets, specializing in battery-electric vehicles and energy systems designed for last-mile logistics. This news hub provides investors and industry professionals with official updates and strategic developments directly from the company.
Access timely announcements including quarterly earnings, product launches, and partnerships that demonstrate Xos's commitment to sustainable transportation technology. Our curated collection features press releases, SEC filings, and operational milestones critical for evaluating the company's market position.
Discover updates on proprietary technologies reducing fleet ownership costs and innovations in mobile charging infrastructure. This resource serves as your central reference for tracking Xos's progress in electrifying medium- and heavy-duty commercial vehicles across North America.
Bookmark this page for streamlined access to verified Xos Inc developments. Check regularly for new insights into fleet electrification strategies and industry leadership in sustainable transport solutions.
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.
Xos, Inc. (NASDAQ: XOS) has delivered 65 battery-electric stepvans to Merchants Fleet, expanding its partnership and total deliveries to 123 vehicles. The deployment spans Antioch and Alhambra in California. Merchants Fleet has pledged $2.5 billion towards electrification, aiming for 50% of its fleet to be electric by 2030. This partnership highlights Xos's role in advancing sustainable fleet solutions, aligning with broader industry goals.
Xos, Inc. (NASDAQ: XOS) announces the delivery of 13 battery-electric stepvans to four FedEx Ground Operators across the U.S. This deployment supports FedEx's aim for carbon neutrality by 2040. Operators involved include RNR Transport, SISA, Hidden Arrow, and Limestone Logistics, situated in Kansas, California, Illinois, and Kentucky, respectively. Xos specializes in fleet services and electric vehicles ranging from Class 5 to Class 8. The company aims to enhance zero-emission vehicle adoption within commercial fleets, making them more efficient and easier to maintain.
Xos (NASDAQ: XOS) has signed a Global Memorandum of Understanding (MOU) with CALSTART, a clean transportation consortium, to accelerate the adoption of zero-emission medium- and heavy-duty vehicles (ZE-MHDVs). This MOU aligns with CALSTART's Drive to Zero™ program, aiming for 30% of new MHDVs to be zero-emission by 2030 and 100% by 2040, facilitating net-zero carbon emissions by 2050. Xos CEO Dakota Semler emphasized the company's commitment to the transition from internal combustion engines to all-electric vehicles.
Xos, Inc. (NASDAQ: XOS) has introduced Xos DC Fast Chargers as part of its Xos Energy Solutions™ for electric vehicles. This new product line includes five charger models: 30kW, 60kW, 150kW, and 300kW, which can be used for both passenger and commercial vehicles. The chargers are compatible with the Xosphere™ fleet management platform for enhanced monitoring and maintenance. Additionally, Xos secured a purchase order for nine chargers from Morgan Services, Inc. for installation in Los Angeles.
Xos, Inc. (NASDAQ: XOS) has partnered with ShipX to promote battery-electric vehicles (BEVs) in delivery fleets. This collaboration aims to accelerate the adoption of BEVs, with ShipX facilitating the promotion of Xos vehicles to its clients. Xos may provide discounts or incentives to clients purchasing or leasing their vehicles. Both companies share a commitment to smarter, cleaner delivery solutions. Xos specializes in manufacturing Class 5 to Class 8 battery-electric commercial vehicles, focusing on sustainability and cost efficiency for fleet operators.
