Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos' Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers
Proposed Transaction Anticipated to Significantly Strengthen Xos’ Balance Sheet and Provide Growth Capital to Further Expand Xos’ Gross Margin Positive Vehicle Business Positions Combined Company for Sustainable Long-Term Value Creation with a Strengthened Financial Profile, a Substantial Backlog, and Strong Growth Potential Prospective Combined Company Expected to Benefit from Favorable Regulatory Tailwinds, Including California’s Mandate
Source: collisionrepairmag.com