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Posted On: 01/22/2024 8:12:07 AM
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XOS: DRIVING A PATH TO PROFITABILITY IN THE EV INDUSTRY $XOS
Excited to share an article about Xos, Inc. (NASDAQ: XOS), an electric truck manufacturer and fleet services provider for battery-electric fleets.
For Q3 FY23, Xos delivered 105 units, the highest quarterly volume to date, and a 176% quarter-over-quarter increase. For FY22, the Company's deliveries were up by 525% to 275 units.
Xos is among the first publicly traded commercial EV OEMs to deliver positive gross margin units. Moreover, the Company offers lower cost of ownership than diesel and is set to benefit from government regulations mandating the transition to EV - this in turn promises an exciting future for the Company.
Read on to know more:
https://www.aviseanalytics.com/xos-driving-a-...-industry/
Excited to share an article about Xos, Inc. (NASDAQ: XOS), an electric truck manufacturer and fleet services provider for battery-electric fleets.
For Q3 FY23, Xos delivered 105 units, the highest quarterly volume to date, and a 176% quarter-over-quarter increase. For FY22, the Company's deliveries were up by 525% to 275 units.
Xos is among the first publicly traded commercial EV OEMs to deliver positive gross margin units. Moreover, the Company offers lower cost of ownership than diesel and is set to benefit from government regulations mandating the transition to EV - this in turn promises an exciting future for the Company.
Read on to know more:
https://www.aviseanalytics.com/xos-driving-a-...-industry/
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