Xos Signs Endorsement of Global MOU with CALSTART Advocating for Acceleration of Zero-Emission Medium- and Heavy-Duty Vehicle
September 23 2022 - 9:00AM
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 ContactsXos Investor
Relationsinvestors@xostrucks.com
Xos Media Relationspress@xostrucks.com
About CALSTARTA 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 ContactsRoxanna Smith,
Communicationsroxanna.smith@globaldrivetozero.org
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