Xos, Inc.

Xos, Inc. is an American company specializing in the electrification of commercial vehicles. The firm focuses on developing and manufacturing electric trucks and fleet solutions aimed at modernizing commercial transportation through sustainable vehicle technologies.

CCI Score

7.15

-0.01% April 14

Latest Event

Xos Secures GSA Procurement Listing

Xos, Inc. announced that its Xos Hub, a mobile charging solution for electric vehicle fleets, has been officially listed on the General Services Administration (GSA) Schedule. This milestone allows federal agencies and authorized customers to procure the innovative technology directly, contributing to a surge in the company’s share price.

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OBJECTOR

Xos, Inc. is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

FEB

20

2025

Xos Secures GSA Procurement Listing
25.16

Xos, Inc. announced that its Xos Hub, a mobile charging solution for electric vehicle fleets, has been officially listed on the General Services Administration (GSA) Schedule. This milestone allows federal agencies and authorized customers to procure the innovative technology directly, contributing to a surge in the company’s share price.
+30

Technology and Services Impact

March 31

The listing of Xos Hub on the GSA Schedule enhances the company’s role in advancing sustainable technology in commercial transportation. By making its innovative mobile energy storage and fast-charging solution accessible to federal agencies, Xos is promoting clean energy initiatives and supporting a transition toward a decentralized, environmentally responsible infrastructure, which aligns with progressive, anti-authoritarian values.

Xos Shares Surge After Securing US Government Procurement Listing
+20

Economic and Structural Influence

March 31

By securing a place on the GSA procurement list, Xos reinforces its economic positioning and credibility within government markets. This inclusion not only supports the company’s business growth but also promotes transparency and sustainable practices in federal contracting, indirectly countering authoritarian structures that may favor opaque, monopolistic practices.

Xos Shares Surge After Securing US Government Procurement Listing
FEB

20

2025

Xos Secures GSA Listing, Boosting Government Procurement Opportunities
33.91

Xos, Inc. announced that its Xos Hub, a trailer-mounted mobile charging unit designed for electric vehicle fleets, has been officially listed on the General Services Administration (GSA) Schedule. This government listing streamlines federal procurement channels for its innovative energy storage and DC fast-charging solutions, contributing to a dramatic 96.5% surge in its stock price and positioning the company to benefit from the federal government’s green transportation initiatives.
+30

Technology and Services Impact

March 31

The announcement highlights Xos’s innovative technology in mobile energy storage and fast-charging solutions, which supports sustainable practices and aligns with progressive government green initiatives. The technology’s capability to rapidly deploy EV charging infrastructure indicates a positive impact in advancing sustainable energy solutions.

Xos, Inc. Achieves Major Growth with New Government Listing
+40

Economic and Structural Influence

March 31

The inclusion of Xos on the GSA schedule opens essential federal procurement channels. This integration into government infrastructure not only provides economic benefits and growth opportunities but also supports federal efforts toward sustainable and progressive transportation policies.

Xos, Inc. Achieves Major Growth with New Government Listing
JUN

15

2022

Xos Lays Off Workers Amid Cash Crunch
-37.62

Xos, Inc. executed multiple rounds of layoffs, reducing its workforce by approximately 8% over three consecutive Fridays in mid-June due to slowing macroeconomic growth, affecting various departments including engineering, sales, logistics, and supply chain.
-50

Labor Relations and Human Rights Practices

March 31

The decision to cut 8% of the workforce, including key management positions, adversely affects worker rights and job security. This move, undertaken to reduce costs amid a cash crunch, reflects negatively on the company's labor practices and ethical responsibilities.

Electric truck startup Xos lays off 8% of its workers less than a year after its $2 billion SPAC deal