Xos Hub Now Eligible for $160,000 CARB CORE Incentive
05 Setembro 2023 - 10:07AM
Xos, Inc. (NASDAQ: XOS), is proud to announce that the Xos Hub™
mobile charging unit is now eligible for the California Clean Air
Resources Board's (CARB) Clean Off-Road Equipment Voucher Incentive
Project (CORE). Xos customers are eligible to receive $160,000 in
savings on their purchase of the Xos Hub as a result.
The CORE program provides point-of-sale discounts to off-set
eligible zero-emission technologies. The CORE project applies to
California-based purchases and leases of zero-emission off-road
equipment. In addition, the incentive includes no scrappage
requirement. Additional funding is available for certain charging
and fueling infrastructure, equipment deployed in disadvantaged
communities, and purchases of equipment by small businesses.
"We are thrilled to be part of the CORE Voucher Incentive
Project and offer our customers this incentive," said Xos Energy
Solutions Director, Danny Marquez. "We are committed to providing
Xos customers with the best possible solutions to charge their
fleets. The CORE incentive is a great way to help them save money
and get charging quickly."
The Xos Hub is a rapidly deployable, mobile charging solution
that enables flexible and scalable access to DC fast charging
without the need for permanent infrastructure. It is designed to be
easy to install and use and is compatible with commercial and
passenger vehicle applications and is capable of charging up to
five electric vehicles (EVs) at once. The Xos Hub—in combination
with the CORE incentive—is the perfect solution for those looking
to expedite their infrastructure projects and save on costs.
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
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/3ef159b2-722d-4edf-830b-6377e9f877ed
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