Electric Fleets Get An Upgrade With New Products and Tech
We opened our doors in September of 2016 with a mission to electrify fleets and decarbonize transportation. Fast-forward six years later and we’ve come a long way. Since 2016, we’ve developed products such as our SV05 stepvan, the Xos Hub™ and our Lyra Series™ battery system all in our Los Angeles HQ, and our flex manufacturing facilities in Byrdstown, Tennessee, and Monterrey, Mexico. During this time period, we developed partnerships with brand-name customers like FedEx Ground, UniFirst, and Loomis. We have also developed partnerships with leading names in the industry such as Allison Transmission, Fitzgerald, Metalsa, and Thermo King.
Our mission has and will continue to be to decarbonize commercial transportation with the most durable, reliable, and cost-effective vehicles possible and the tools to achieve adoption. It’s our goal to make the transition from diesel to electric as seamless as possible for our fleet customers.
The 100% Battery Electric Xos HDXT™
We are building the most connected electric vehicle ecosystem for today. With that said, we are proud to announce two new vehicles that conclude the first phase of the Xos journey of building the best 100% battery-electric commercial trucks. Introducing the Xos MDXT™, our medium-duty box truck, HDXT™, our heavy-duty tractor, and Xosphere™, our fleet management platform.
The Medium Duty Xos Truck (MDXT™) is a 100% battery-electric vehicle available as a Class 6 or Class 7 vehicle, purpose-built for commercial applications with ranges up to 270 miles. Offering a gross vehicle weight rating of up to 26,000 lbs, max torque of 15,300 lb-ft, and 350kW horsepower.
The Heavy Duty Xos Truck (HDXT™) is a 100% battery-electric Class 8 tractor that can travel up to 230 miles and is designed for regional-haul commercial applications. Offering a gross vehicle weight rating of up to 53,200 lbs, max torque of 56,583 lb-ft, and up to 798kW horsepower.
The 100% Battery Electric Xos MDXT™
The Xosphere™ is our advanced connected vehicle ecosystem that combines proprietary hardware and embedded software with a modern and intuitive user platform, and is purpose-built to minimize the total cost of ownership of an electric fleet.
To launch the MDXT™, HDXT™, and Xosphere™, we hosted a Product Reveal Event in Long Beach, California where we showcased our SV05 stepvan and our mobile charging station, the Xos Hub™. To release our new products, our Chief Executive Officer, Dakota Semler, and Chief Operating Officer, Giordano Sordoni, gave keynote presentations, followed by a curtain unveiling of the MDXT™ and HDXT™.
A crucial part of our expansion at Xos is not only creating new products, but also growing our portfolio of partners. With that said, we’re happy to be teaming up with McLane, a leading supply chain distribution company, who has agreed to a 10-truck pilot program of the HDXT™. In addition, Republic National Distributing Company, one of the nation’s leading wholesale beverage alcohol distributors, has purchased 5 MDXT™ vehicles. UniFirst, a North American leader in the supply and servicing of uniform and workwear programs, and one of our current partners, is already using the Xosphere software to track the health of its fleet in real-time.
All three of our new products are available for purchase right now. Contact sales@xostrucks.com to learn more and inquire about special launch rates.
We’re thrilled to introduce our new products, and we aren’t stopping here. We will continue to work with our exceptional customers to build products that help make the transition from diesel to electric as simple as possible. A more sustainable world is possible, and we’re on a mission to build it.
Watch the Fleet Week Product Reveal Livestream here.
Cautionary Statement Regarding Forward-Looking StatementsThis press release may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely 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, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Xos’ ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities, (ii) cost increases and supply chain shortages in the components needed for the production of Xos’ vehicle chassis and battery system, (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 downturns and a changing regulatory landscape in the highly competitive electric vehicle industry and (vi) the outcome of any legal proceedings that may be instituted against Xos. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading “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 Xos’ other filings with the SEC copies of which may be obtained by visiting Xos’ Investors Relations website at https://investors.xostrucks.com/ or the SEC’s website at www.sec.gov. 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 put undue reliance on forward-looking statements, and Xos assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Xos does not give any assurance that it will achieve its expectations.
