Xos Customers in Canada Can Save $100,000 CAD with iMHZEV Incentive
28 Setembro 2023 - 9:37AM
Xos, Inc. (NASDAQ: XOS) is pleased to announce that its stepvans
are now eligible for the Incentives for Medium- and Heavy-Duty
Zero-Emission Vehicles Program (iMHZEV) from the Government of
Canada. This significant development marks a milestone in the
company's commitment to advancing the adoption of electric vehicles
in Canada.
The iMHZEV Program, administered by Transport
Canada, aims to incentivize the adoption of medium- and heavy-duty
zero-emission vehicles (ZEVs) by Canadian businesses. Eligible
Canadian purchasing and leasing organizations can benefit from
iMHZEV Program incentives, promoting sustainability and
environmental responsibility in the commercial vehicle sector.
Effective Friday, September 22, 2023, Canadian
businesses purchasing a model year 2022 or 2023 Xos SV class 6
battery-electric stepvan are eligible for an impressive incentive
of up to $100,000 CAD.
Dakota Semler, CEO of Xos, expressed his enthusiasm
about this opportunity, saying, "We are proud to have our stepvans
recognized as eligible vehicles for the iMHZEV Program by the
Government of Canada. This initiative aligns perfectly with Xos'
mission to decarbonize commercial transportation. Our customers in
Canada now have a compelling incentive to make the switch to
electric vehicles and contribute to cleaner, healthier air."
To take advantage of this outstanding incentive,
eligible organizations are encouraged to explore Xos's range of
battery-electric stepvans and contact Xos for more information.
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. 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 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.
Xos ContactsXos Investor
Relationsinvestors@xostrucks.com
Xos Media Relationspress@xostrucks.com
Xos Sales & Business
Developmentsales@xostrucks.com
Cautionary Statement Regarding
Forward-Looking Statements
This press release includes “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 include, but are not limited to,
statements regarding expectations and timing related to
manufacturing quality, production yields, product deployments and
launches; sufficiency of existing cash reserves; customer
acquisition and order metrics. These forward-looking statements may
be identified by the words “believe,” “plan,” “project,”
“potential,” “seem,” “seek,” “expect,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “target,” “opportunity,” “plan,”
“may,” “could,” “should,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions and any
other statements that predict or indicate future events or trends
or that are not statements of historical matters, although not all
forward-looking statements contain such identifying words.
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) Xos’ limited
operating history, (iii) cost increases and delays in production
due to 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’ ability to implement its business plan or meet or exceed its
financial projections, (ix) Xos’ ability to retain key personnel
and hire additional personnel, particularly in light of current and
potential labor shortages, (x) the risk of downturns and a changing
regulatory landscape in the highly competitive electric vehicle
industry, (xi) Xos’ ability to service its indebtedness, (xii)
macroeconomic and political conditions, and (xiii) the outcome of
any legal proceedings that may be instituted against Xos. All
forward-looking statements included in this press release are
expressly qualified in their entirety by, and you should carefully
consider, the foregoing factors and the other risks and
uncertainties described under the heading “Risk Factors” included
in Xos’ Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 filed with the Securities and Exchange Commission
(the “SEC”) on March 31, 2023 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/fbde8ee5-9401-49e3-8865-f05e5c4e5f73
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