XL Fleet Introduces Hybrid Electric Drive System Upfit for Isuzu NPR-HD
July 14 2021 - 8:00AM
Business Wire
XL Hybrid System is Now Available on Isuzu
NPR-HD Low Cab Forward Vehicles Serving
Demanding Applications Including Last Mile
Delivery, Beverage Distribution, Utility Work and Food Service
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leader in vehicle electrification solutions for commercial and
municipal fleets, today announced that its XL Hybrid electric drive
system is now available as an upfit solution for the new Isuzu
NPR-HD. The electrification system is XL Fleet’s newest product
release and enables Isuzu customers to electrify one of its newest
and most popular medium duty low cab forward vehicles, which is
ideally suited for demanding applications including last mile
delivery, beverage distribution, utility work and food service.
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the full release here:
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XL Fleet's hybrid electric drive system
on the Isuzu NPR-HD (Photo: Business Wire)
Featuring a high efficiency lithium-ion battery, electric motor,
inverter and control software, the XL Hybrid system transforms
traditional gas-powered fleet vehicles into hybrid electric units
with no operational disruption to the fleet. The NPR-HD is the
second Isuzu vehicle XL Fleet has electrified, after originally
launching its hybrid system on the Isuzu Reach™ diesel walk-through
van for a global package delivery customer in 2015.
“XL Fleet is thrilled to be launching our hybrid platform on the
NPR-HD and expanding our electrification portfolio with the latest
high-performance fleet truck from Isuzu,” said Dimitri Kazarinoff,
Chief Executive Officer at XL Fleet. “We continue to expand our
industry leading breadth of electrification offerings enabling our
customers to address sustainability objectives today, not just
someday in the future.”
“We are excited that XL Fleet has chosen our world-class NPR-HD
to deploy their hybrid electric drive system on,” said Shaun
Skinner, President of Isuzu Commercial Truck of America. “The
superior maneuverability and all the other advantages of the NPR-HD
will bring many benefits to our fleet customers in the years to
come.”
On June 9, 2021, XL Fleet displayed its hybrid electric drive
system on the Isuzu NPR-HD at its Michigan Fleet Electrification
Technology Center ribbon cutting ceremony with Governor Gretchen
Whitmer.
XL Fleet’s hybrid system on the Isuzu NPR-HD is now available
for purchase throughout North America. It is currently available on
NPR-HD models with a 6.6L gas powered engine, on 150” and 176”
wheelbases, and with both standard and crew cab configurations. To
learn more or receive a quote, email sales@xlfleet.com.
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 150 million miles driven by customers such as The
Coca-Cola Company, Verizon, Yale University and the City of Boston.
XL Fleet’s hybrid and plug-in hybrid electric drive systems can
increase fuel economy up to 25-50 percent and reduce carbon dioxide
emissions up to 20-33 percent, decreasing operating costs and
meeting sustainability goals while enhancing fleet operations. XL
Fleet’s plug-in hybrid electric drive system was named one of TIME
magazine's best inventions of 2019. For additional information,
please visit www.xlfleet.com.
About Isuzu
Isuzu commercial trucks have been the best-selling low cab
forward trucks in the combined U.S.-Canadian market for 35
consecutive years. Headquartered in Anaheim, California, Isuzu
Commercial Truck of America, Inc. is the distributor of Isuzu
commercial vehicles in the United States. Isuzu Commercial Truck of
America is a subsidiary of Isuzu Motors Limited, one of the world’s
largest manufacturers of medium- and heavy-duty trucks. For more
information, call (866) 441-9638 or visit www.isuzucv.com.
Forward Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to
failure to realize the anticipated benefits from the business
combination; the effects of pending and future legislation; the
highly competitive nature of the Company’s business and the
commercial vehicle electrification market; litigation, complaints,
product liability claims and/or adverse publicity; cost increases
or shortages in the components or chassis necessary to support the
Company’s products and services; the introduction of new
technologies; the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition, regulatory
compliance and customer experience; the potential loss of certain
significant customers; privacy and data protection laws, privacy or
data breaches, or the loss of data; general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability to convert its sales opportunity
pipeline into binding orders; risks related to the rollout of the
Company’s business and the timing of expected business milestones;
the effects of competition on the Company’s future business; the
availability of capital; and the other risks discussed under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
filed on March 31, 2021, as amended and supplemented by the 10-K/A
filed May 17, 2021, and other documents that the Company files with
the SEC in the future. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and the
Company specifically disclaims any obligation to update these
forward-looking statements.
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XL Fleet Media Contact: PR@xlfleet.com
XL Fleet Investor Contact: xlfleetIR@icrinc.com
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