Allison Transmission and Xos E

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

Allison delivered initial eGen Power e-Axle hardware for integration, validation and testing in heavy-duty vehicle platforms designed and built by Xos. Allison will supply additional eGen Power 100S and 100D units to Xos throughout 2022.

“We founded Xos in 2016 to build electric vehicles that solved the challenges many fleet owners were facing due to rising maintenance and diesel costs as well as increasing emissions regulations, and today we are proud to have hundreds of vehicles on the road with national fleets,” said Giordano Sordoni, Chief Operating Officer, Xos. “We are honored to partner with Allison, a company which has a long history of industry innovation, on our shared vision of improving the way the world works through the advancement of utility vehicle technology.We believe Allison’s differentiated e-Axle portfolio , combined with its connectivity to fleet customers, established service channel and reputation as a leading reliability provider, will enable Xos to accelerate its growth while improving value. eur that we offer to our customers.

“We are extremely proud to partner with Xos in the development of the next generation of utility vehicles designed to make fleets run better,” said Alexander Schey, Allison’s general manager, marketing and electrification strategy. “We are inspired by Xos’ innovative and ambitious yet pragmatic approach to the electric vehicle market, and we look forward to leveraging Allison’s extensive testing and validation capabilities and investments as part of our partnership to commercialize Xos heavy vehicles.”

About Xos, Inc.
Xos is a leading OEM manufacturer of Class 5-8 Battery Electric Vehicles and the tools to adopt them. Xos vehicles and fleet management software are specifically designed for medium and heavy-duty commercial vehicles that cover last mile, return-to-base routes of 200 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 effective on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.

contacts
Xos Investor Relations
[email protected]

Xos Media Relations
[email protected]

About Allison Transmission
Allison Transmission (: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the world’s largest manufacturer of medium and heavy duty fully automatic transmissions that Improve the way the world works. Allison products are used in a wide variety of applications, including highway trucks (distribution, waste, construction, fire and emergency), buses (school, transit and coach), RVs, vehicles and off-road equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked tactical). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the United States, Hungary and India, and global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the UK. Allison also has more than 1,400 independent distributors and resellers worldwide. For more information, visit allisontransmission.com.

Contact
Claire Gregory
Director, Global External Communications
[email protected]
(317) 694-2065

Raymond Posadas
Managing Director, Investor Relations
[email protected]
(317) 242-3078


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