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, a technology company specializing in battery-electric commercial vehicles, announced the implementation of Advanced Driver Assistance System (ADAS) features into all its stepvans as standard. The suite includes Lane Keep Alert, Forward Collision Warning, Pedestrian Warning, Speed Limit Indicator, Distance Warning, and a Rear Camera. According to Vice President Saleh Heydari, these enhancements aim to boost driver safety and confidence. Xos provides electric vehicles designed for commercial use, focusing on cost efficiency and ease of maintenance.
Xos, a leader in battery-electric commercial vehicles, announced its participation in the 15th Annual Cowen Global Transportation & Sustainable Mobility Conference on September 9, 2022. Senior management, including CEO Dakota Semler and COO Giordano Sordoni, will engage in a fireside chat scheduled from 4:20 PM to 4:50 PM ET. Interested stakeholders can access the live webcast and its replay through the Investor Relations section of Xos' website. Xos focuses on zero-emission vehicles designed for efficient fleet management on daily routes of up to 270 miles.
Xos, Inc. (NASDAQ: XOS), a technology firm specializing in fleet services and battery-electric commercial vehicles, has selected The W.W. Williams Company as a pilot service provider in Arizona. This partnership will enhance maintenance and repair services for Xos vehicles in the Phoenix and Tucson regions. W.W. Williams, recognized for its extensive service capabilities, will also provide essential Xos service parts to customers. This collaboration aims to improve customer satisfaction and operational efficiency for electric fleet services.
Xos, Inc. announced a strategic partnership with NationaLease, a major truck leasing organization in North America. This collaboration will feature Xos vehicles and services among NationaLease's offerings, enhancing their fleet management capabilities through Xos' Xosphere platform. Xos aims to expand its market presence while supporting the electrification of commercial fleets. NationaLease operates over 900 locations and has a fleet exceeding 165,000 vehicles, which positions this partnership as a significant step for both companies in the growing electric vehicle market.
Xos, Inc. reported a 40% revenue increase to $9.8 million for Q2 2022, driven by higher unit deliveries totaling 73 units. The company secured $55 million in additional financing and entered strategic partnerships, including collaborations with Allison Transmission and Thermo King. However, Xos faced a net loss of $9.5 million and an operating loss of $27.8 million. Looking ahead, management anticipates second-half revenues between $18.75 million and $25.60 million, with a predicted non-GAAP operating loss of $43 to $52 million.
Xos, Inc. has entered into a dealership agreement with Gabrielli Truck Sales to distribute its electric vehicles across New York, New Jersey, and Connecticut. This partnership allows Gabrielli to sell Xos' Class 5 and 6 stepvans, the medium-duty Class 6 and 7 MDXT™, and the heavy-duty Class 8 HDXT™ at 17 of its 19 locations. Xos aims to expand its market presence in the Northeast, targeting the shift from diesel to electric vehicles in commercial fleets. Gabrielli, with over 50 years of experience, is recognized for its leadership in truck sales and services.
Xos, a manufacturer of battery-electric vehicles, has successfully secured a purchase order from AUSEV Pty Ltd for a stripped chassis. This marks a significant step as Xos enters discussions for a potential manufacturing and distribution partnership in Australia, focusing on the electric vehicle market, particularly for right-hand drive vehicles. The partnership aims to enhance Xos's revenue and brand visibility in the Oceania region, leveraging AUSEV's local expertise. This initiative is seen as a crucial move towards establishing electric vehicle manufacturing in Australia.
Xos, Inc. (NASDAQ: XOS) will release its Q2 2022 operating results on August 11, 2022, after U.S. market close. A conference call to discuss these results will occur the same day at 4:30 p.m. EDT. Investors can join via a live webcast or dial in using the provided numbers. The conference will cover financial results and may include forward-looking information. Xos manufactures 100% battery-electric commercial vehicles and offers related services like charging infrastructure and fleet management.
Xos, Inc. has announced its position as the headline sponsor for the annual Route Consultant Contractor Expo taking place in Las Vegas on August 20-21, 2022. This event unites FedEx Ground and Amazon Delivery Service Partners. CEO Dakota Semler is set to engage in a fireside chat discussing the company's advancements in electric fleet ecosystems. Xos, which specializes in battery-electric vehicles, aims to strengthen relationships with logistics contractors. This marks Xos's second consecutive year at the Expo, which is free for independent service providers.
Xos, Inc. (NASDAQ: XOS) reported the delivery of 73 battery-electric vehicles in Q2 2022, servicing clients like FedEx and Loomis. The company emphasizes growing demand for its zero-emission trucks as it aims to strengthen relationships with fleet operators. Xos remains a prominent player in the commercial electric vehicle sector, focusing on production efficiency and value for customers. The company's proprietary technology supports cost savings and efficient maintenance compared to traditional vehicles, reinforcing its commitment to a sustainable future.
