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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

Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles....

GOTHENBURG, Sweden, September 05, 2023--Smart Eye, a leading developer of Driver Monitoring System (DMS) technology to the automotive industry, today announced the integration of AIS – the company’s standalone hardware and software DMS for fleets – with Geotab's industry-leading fleet management platform. This integration makes Smart Eye's AIS available on the Geotab Marketplace, offering fleet customers a comprehensive solution for enhancing driver safety and performance.

Fleet customers won't like the uncertainty of vehicle values in a market controlled by the EV price wars.

Agreement will deliver additional maintenance services for commercial fleets electric vehicle charging infrastructure to help keep electric fleets...