Xos and Allison Transmission Partner to Develop Platforms for Heavy-Duty Electric Vehicles

INDIANAPOLIS, May 10, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), is a leading manufacturer and services provider of Class 5 through Class 8 battery-electric vehicles. In addition to powertrains, charging infrastructure, and fleet management software. The manufacturer announced it has entered a strategic partnership with Allison Transmission, Inc. (NYSE: ALSN). Allison Transmission is the world’s largest manufacturer of commercial-duty, fully-automatic transmissions. It’s also the leading manufacturer of electric hybrid and fully-electric propulsion systems, to jointly develop heavy-duty Class 7 and 8 commercial electric vehicles.

Allison has delivered the initial platforms which Xos designed and built. For instance, the eGen Power e-Axle hardware for integration, validation, and testing in heavy-duty vehicles. Allison will deliver additional eGen Power 100S and 100D units to Xos throughout 2022.

Allison Transmission Partnership: Message from Giordano Sordoni, Chief Operating Officer, Xos on

“We founded Xos in 2016 to build electric vehicles that solved the challenges many fleet owners were facing due to rising costs of maintenance and diesel along with increasing emissions regulations, and today we’re proud to have hundreds of vehicles on the road with nationwide fleets,” said Giordano Sordoni, Chief Operating Officer, Xos. “We’re honored to partner with Allison, a company that has a long history of innovation in the industry, on our common vision to improve the way the world works through advancing commercial vehicle technology. We believe that Allison’s differentiated e-Axle portfolio combined with its connectivity to fleet customers, established service channel, and reputation for delivering industry-leading reliability will allow Xos to accelerate our growth while enhancing the value we deliver to our customers.”

“We’re extremely proud to partner with Xos in the development of the next generation of commercial vehicles designed to improve the way fleets operate,” said Alexander Schey, Allison’s Managing Director, Electrification Commercialization and Strategy. “We are inspired by Xos’ innovative and ambitious yet pragmatic approach to the EV market, and we look forward to leveraging Allison’s extensive testing and validation capabilities and investments as part of our partnership to bring Xos heavy-duty vehicles to market.”

About Xos, Inc.

Xos is a leading original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles. The company also manufactures the tools necessary to adopt them. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles. Specifically, those that travel on last-mile, back-to-base routes of 200 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles. These vehicles are easier to maintain and are more cost-effective. That’s on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.

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