Human resources

Xos, Inc. Appoints Jessica Ramirez as Vice President of Human Resources |

LOS ANGELES, April 21, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of Class 5-8 battery-electric vehicles and powertrains, and infrastructure provider of charging and fleet management software, Announcement today announced that Jessica Ramirez has joined the company as Vice President of Human Resources. Ms. Ramirez will lead the human resources department and be responsible for standardizing and scaling the company’s human resource management processes. Ms. Ramirez will report to CEO and co-founder Dakota Semler.

“I am thrilled to join Xos at an exciting and transformative time for the business,” said Ms. Ramirez. “The diversity of backgrounds and experiences of the talented people at Xos is really what sets us apart from the rest: it’s our competitive advantage. We will only grow in the months and years to come and I am excited to be part of that growth. The future is bright at Xos.

Ms. Ramirez has over 15 years of human resources experience in distribution, e-commerce and manufacturing companies. Prior to Xos, Ms. Ramirez led human resources at Whiplash, a 3PL company acquired by Ryder shortly before his departure. Previously, she was head of human resources at Royal Truck Body, a coachbuilder for commercial and passenger vehicles.

“Jessica brings extensive HR experience and expertise to Xos and is a fantastic addition to the team,” said Dakota Semler, CEO of Xos. “Under his leadership, we look forward to strengthening our HR processes, continuing to recruit the best and brightest talent, and expanding our employee development and leadership training offerings.”

About Xos, Inc.

Xos is a leading OEM manufacturer of Class 5-8 Battery Electric Vehicles and the tools to adopt them. Xos vehicles and fleet management software are specifically designed for medium and heavy-duty commercial vehicles that cover last mile, return-to-base routes of 200 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 effective on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.

Caution Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will”, “will continue”, “will probably result” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, but not limited to: (i) Xos’ ability to implement business plans , forecasts and other expectations, and to identify and realize additional opportunities, (ii) cost increases and shortages in the supply chain of components required to produce the vehicle chassis and battery system Xos, (iii) changes in the industries in which Xos operates, (iv) changes in laws and regulations affecting Xos’ business, (iv) Xos’ ability to retain key personnel and hire additional personnel, (v) the risk of a downturn and the changing regulatory landscape in the highly competitive electric vehicle industry; and (vi) the outcome of any legal proceedings that may be brought against Xos. You should carefully consider the foregoing factors and the other risks and uncertainties described under “Risk Factors” included in Xos’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2022 and other documents filed by Xos with the SEC, copies of which may be obtained by visiting Xos’ Investor Relations website at https://investors .xostrucks.com/ or the SEC website at www.sec. govt. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on any forward-looking statements, and Xos undertakes no obligation and does not intend to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Xos does not guarantee that it will meet its expectations.

contacts

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investors@xostrucks.com

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