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Stock impact report

The Xos Hub™ Gets Major Upgrades and a Purchase Order from Xcel Energy [Yahoo! Finance]

Xos, Inc. (XOS) 
Company Research Source: Yahoo! Finance
LOS ANGELES, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leader in the electrification of fleets, today announced the next generation of their mobile charging unit, The Xos Hub™. This rapidly deployable charging unit is designed to help expedite the electrification of fleets. Xcel Energy, a leading clean energy provider, has signed a purchase order securing two of the new Hubs to use at its remote worksites. The new generation of the Xos Hub offers 280kWh of energy capacity and is notably more powerful than previous generations, with charging capability up to 160kW. This is up to four times the charge rate compared to previous iterations. The Xos Hub has four standard CCS1 charge heads and weighs less than 10,000 lbs, eliminating the need for a commercial driver's license to transport the Hub. This version of the Xos Hub is also substantially more affordable at a lower starting price compared to previous iterations. The Hub can be powered by existing power infr Show less Read more
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