ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Xos Shares Winter Performance Testing Video

LOS ANGELES, April 14, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, today shared a new video showcasing winter performance testing of its recently unveiled 2023 Xos Stepvan (“Stepvan”). Watch the video at the link here: https://youtu.be/h8fUY03LZ7Y.

2023 Xos Stepvan completing winter performance testing

Over the course of five days, the commercial truck testing team at Xos conducted multiple performance tests of the 2023 Xos Stepvan in 15-degree weather conditions in the Upper Peninsula of Michigan. The team assessed the Stepvan’s performance across a dozen different handling courses that featured low-friction surfaces on circular tracks, hills, and stability areas with different terrains of snow and ice. Outside of the performance test courses, the team assessed the Stepvan’s performance on public roads and through adjacent towns and cities to simulate real life situations.

“[The testing we do here] takes place on a friction level that is less than pavement or concrete and we can simulate what we might encounter in the real world but in a more controlled setting,” said David Dominic Jr., Director of Commercial Truck Testing at Xos in the video. “We also have several road courses that are winding roads through the woods that go through certain turns and force you to do things that you might do out in the world.”

In addition to monitoring the performance of the vehicle, the winter testing included testing of the battery systems and software interactions with the vehicle. Testing the software interactions enabled the team to come up with new software solutions to address issues or to improve overall performance, while testing of the battery systems gave the team greater insight into how the batteries can perform in cold climates.

“It’s validating to our software that everything in these random interactions prove to the driver and to our customer that we’ve done our due diligence in testing the vehicle to the nth degree so they have a safe, comfortable, and reliable product,” Mr. Dominic concluded.

About Xos, Inc.

Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. 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. 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 Contacts
Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4aba1c85-b268-463d-949a-7afd32abddee 


Primary Logo

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.