Xos Awarded Contract By State Of California To Provide Electric Stepvans To State And Local Agencies; CA State And Local Agencies Have CA Discount Pricing For Xos Stepvans; Amount Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Xos, a manufacturer of electric vehicles, has been awarded a contract by the State of California to provide electric stepvans to state and local agencies. The financial details of the contract were not disclosed.
September 12, 2023 | 12:28 pm
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Xos has secured a contract with the State of California, which could potentially increase its revenues and market presence.
The contract with the State of California is a significant win for Xos. It not only provides a direct source of revenue, but also increases the company's visibility and credibility in the electric vehicle market. This could potentially attract more customers and partnerships, leading to further growth.
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