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AUSEV Works Towards Manufacturing and Distribution Partnership with Xos, Inc.

LOS ANGELES, July 29, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading fleet services provider and manufacturer of Class 5 through Class 8 battery-electric vehicles, today announced it has secured a purchase order from AUSEV Pty Ltd (“AUSEV”) for one stripped chassis and has started conversations on working towards a manufacturing and distribution partnership in Australia. Upon receiving the stripped chassis, AUSEV will collaborate with Xos engineers on design and manufacturing issues specific to the Australian right-hand drive (“RHD”) market.

“We are excited to form partnerships with international companies such as Xos to provide heavy vehicles to the RHD market,” said Terry Mulcahy, Head of Future Business at AUSEV.

“Australia presents an exciting growth opportunity for Xos that we’re looking forward to exploring,” said Jessica Savage, Head of Distribution at Xos.

“Establishing RHD electric vehicle manufacturing in Australia is critical, and this partnership looks towards the future of that reality,” said Brendan Kenny, Head of Operations at AUSEV.

AUSEV is a subsidiary of Boss Capital Holdings (“Boss Capital”) dedicated to the manufacturing and distribution of electric vehicles. For Xos, the partnership will allow it to leverage AUSEV’s presence and expertise in Australia to generate revenue, growth, and brand visibility across the Oceania region.

About AUSEV

AUSEV® was established to accelerate the adoption of electric vehicles in Australia, with a focus on RHD 4×4 EVs and has evolved to incorporate not only Pick-ups but also Light, Medium and Heavy-Duty Trucks. The company is committed to offering an end-to-end solution, including servicing, charging and fleet management. AUSEV® leverages Boss Capital Holding’s experience in remanufacturing and distributing ICE (internal combustion engine) vehicles to now offer OEMs a solution to either partially or fully manufacture RHD electric vehicles (EV) locally in Australia. For more information, please visit https://www.aus-ev.com.au/.

AUSEV Contacts

Von Hosking
pr@bosscap.com.au

About Xos, Inc.

Xos is a leading fleet services provider and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles and the tools to adopt them. 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 of up to 270 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-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit https://xostrucks.com/.

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