Revenue for the full year 2023 improved to $44.5 million from $36.4 million in 2022. Xos achieved positive gross margins in the third and fourth quarters of 2023.
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The all-stock acquisition will give Xos access to ElectraMeccanica's cash balance of $48.5 million to fund the expansion of Xos' electric trucks in fleets.
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The suite of Xos DC Fast Chargers are compatible with both passenger and commercial electric vehicles.
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Charging companies and OEMs pull back the curtain on the biggest questions, challenges, and benefits when fleets transition to electric trucks.
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The W.W. Williams Company was named as an Xos pilot service provider in Arizona
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Talk about electric battery evaluation with startup company Recurrent in this episode of Off-Peak.
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Merchants ordered 58 battery-electric vans from Xos, which are being delivered to three locations for Merchants Fleet during the second quarter of 2022.
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Batteries for electric fleet vehicles are evolving based on a clear vision of what the commercial sector needs.
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Five different FedEx Corporation independent service providers received vehicles during the month of March.
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Xos has partnered with truck dealer Murphy-Hoffman Company to open seven service centers in six states.
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