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.
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.
The suite of Xos DC Fast Chargers are compatible with both passenger and commercial electric vehicles.
Charging companies and OEMs pull back the curtain on the biggest questions, challenges, and benefits when fleets transition to electric trucks.
The W.W. Williams Company was named as an Xos pilot service provider in Arizona
Talk about electric battery evaluation with startup company Recurrent in this episode of Off-Peak.
Merchants ordered 58 battery-electric vans from Xos, which are being delivered to three locations for Merchants Fleet during the second quarter of 2022.
Batteries for electric fleet vehicles are evolving based on a clear vision of what the commercial sector needs.
With at least two dozen manufacturers ready to serve the commercial vehicle market with electric trucks and chassis, fleets will soon be making tough decisions they never had to with ICE vehicles.
Xos revealed its new HDXT Class 8 electric tractor designed for regional haul, and its new MDXT medium-duty electric truck.
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