LOS ANGELES, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading technology company that provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today announced it has signed an endorsement of a Global Memorandum of Understanding (“MOU”) created by CALSTART, a national clean transportation non-profit consortium, advocating for the acceleration of zero-emission medium- and heavy-duty vehicles (“ZE-MHDVs”).
The Global MOU is part of CALSTART’s Drive to Zero™ program which aims to make zero-emission technology commercially competitive by 2025 and dominant by 2040 in specific vehicle segments and regions. The MOU can be found online here: https://globaldrivetozero.org/site/wp-content/uploads/2021/12/Global-MOU-ZE-MHDVs-signed-20-Dec-21.pdf
By endorsing the Global MOU as a medium- and heavy-duty vehicle manufacturer, Xos is aligning with the joint ambition for 30% of new MHDVs to be zero-emission by 2030, and 100% by 2040, so as to help facilitate net-zero carbon emissions by 2050.
“We recognize the dire need to transition away from internal combustion engines to to all-electric vehicles, and we remain committed to doing our part in making this happen,” said Dakota Semler, Chief Executive Officer of Xos. “Signing the Global MOU and working with CALSTART is a step in the right direction to enact real change, and we look forward to seeing the impact come to fruition.”
“As a global zero-emission commercial vehicle innovation leader, Xos enables top fleet customers like FedEx Ground to address their climate emissions, lower their fuel and vehicle maintenance costs, and to deliver both a cleaner product and healthier air to their customers,” said Dr. Cristiano Façanha, global director for CALSTART and lead of its Drive to Zero™ program and campaign. “We are honored to count Xos as a private sector leader that is helping to address the climate crisis, while also raising the bar for public sector global action and ambition.”
About Xos, Inc.
Xos is a leading technology company, fleet services provider, and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles and the tools to adopt them. 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 of up to 270 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission 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, please visit www.xostrucks.com.
Xos Contacts
Xos Investor Relations
investors@xostrucks.com
Xos Media Relations
press@xostrucks.com
About CALSTART
A nonprofit consortium with offices in New York, Michigan, Colorado, California and central Europe and partners world-wide, CALSTART works with 300+ member company and agency innovators to build a prosperous, efficient, and clean high-tech transportation industry. We overcome barriers to modernization and the adoption of clean vehicles. CALSTART is changing transportation for good. To learn more, visit https://calstart.org/.
CALSTART Contacts
Roxanna Smith, Communications
roxanna.smith@globaldrivetozero.org
