LOS ANGELES, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric commercial vehicles, today announced the launch of the 2025 Xos SV Stepvan, featuring two new wheelbase options: 158" and 208". These additions complement the existing 178" wheelbase, offering fleet operators enhanced flexibility to meet their specific operational needs.

The introduction of the 158" and 208" wheelbases reflects Xos' commitment to delivering solutions that meet the evolving needs of modern fleets. Whether optimizing routes for urban deliveries or maximizing cargo capacity for larger shipments, the expanded wheelbase options ensure that the Xos SV Stepvan remains a preferred choice across various industries, including parcel delivery, uniform services, and cash-in-transit. With these new wheelbases, Xos now offers a total of five body lengths, ranging from 14 to 22 feet.

"Customization and flexibility are at the core of our product philosophy," said Dakota Semler, CEO of Xos, Inc. "By adding both the 158" and 208" wheelbases to our lineup, we’re giving customers the ability to configure their vehicles in a way that best supports their unique operational requirements. These new options strengthen the adaptability of the Xos SV Stepvan, solidifying it as one of the most versatile electric vehicles available today."

The Xos SV Stepvan continues to feature the industry-leading attributes that have made it a favorite among fleet operators, including:

• Efficient battery performance to minimize charging intervals and maximize time on the road
• High cargo capacity, tailored to a wide variety of applications
• Minimal maintenance requirements, reducing downtime and lowering total cost of ownership when compared to diesel vehicles
  

With the addition of the new 158" and 208" wheelbase options, Xos is further demonstrating its commitment to accelerating the transition to sustainable, electric mobility, offering efficient and adaptable solutions for fleets of all sizes.

Availability and Ordering Information
The MY 2025 Xos SV Stepvan, including the new 158" and 208" wheelbase options and body lengths ranging from 14’ to 22’, is now available for order. For more information or to schedule a consultation, please visit www.xostrucks.com/stepvan.

About Xos, Inc.

Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit www.xostrucks.com.

Contacts

Xos Media Relations
press@xostrucks.com

Cautionary Statement Regarding Forward-Looking Statements

This website and other items we publish, including through social media outlets, 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, including but not limited to: (i) Xos, Inc.’s (“Xos”) ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities, (ii) Xos’ limited operating history, (iii) cost increases and supply chain shortages in the components needed for the production of Xos’ vehicle chassis and battery system, (iv) Xos’ ability to meet production milestones and fulfill backlog orders, (v) changes in the industries in which Xos operates, (vi) variations in operating performance across competitors, (vii) changes in laws and regulations affecting Xos’ business, (viii) Xos’ inability to implement its business plan or meet or exceed its financial projections (ix) Xos’ ability to retain key personnel and hire additional personnel, (x) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry and (xi) the outcome of any legal proceedings that may be instituted against Xos.

You should carefully consider the preceding factors and the other risks and uncertainties described in Xos’ filings with the Securities and Exchange Commission (the “SEC”), including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Copies of Xos’ SEC filings may be obtained by visiting Xos’ Investors Relations website at investors.xostrucks.com or the SEC’s website at www.sec.gov. These filings may 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef2bd95b-2c70-4804-ad88-b7e0d1a0bac5