Xos Signs Distribution Deal With Thompson Truck Centers
[Stay on top of transportation news: Get TTNews in your inbox.]
Xos, a manufacturer of electric commercial vehicles, announced a partnership with Thompson Truck Centers to distribute its trucks beginning in the second half of the year.
Under the terms of the purchase order agreement, both parties have committed to developing and delivering targeted milestones, with an initial order of 100 trucks, both medium- and heavy-duty, and the mutual goal to order and deliver up to 1,000 trucks over the next three years, according to Los Angeles-based Xos.
“We’re thrilled to have the support of Thompson,” Xos CEO and co-founder Dakota Semler said in a release. “As a strategic partner, Thompson will help us grow our footprint and build our presence in the Southeast. Conversations with additional distributors are ongoing and in development.”
Thompson Truck Centers is a subsidiary of Thompson Machinery, headquartered in Nashville, Tenn.
“In light of recent regulatory changes around electric vehicles, it’s important for Thompson to deliver innovative products to our customers that will meet the new standards of zero-emissions for transportation,” said Mark McDonell, chief operating officer at Thompson Machinery. “We’re pleased and excited to partner with Xos to help us lead the way.” — Transport Topics
Want more news? Listen to today's daily briefing below or go here for more info:
