XOS - Xos signs strategic partnership with Yancey Bros.

Xos (NASDAQ:XOS) entered into a strategic partnership with Austell, Ga.-based Yancey Bros, nation's oldest Caterpillar dealer, to distribute Xos vehicles across the state of Georgia. "With over a century of experience and operations, Yancey is a widely known and respected dealer in the Southeast and we look forward to partnering together to bring electric vehicles to the region," Director of Dealership Development Jessica Savage commented. Currently operating 29 facilities across the state, Yancey will leverage its existing infrastructure and facilities, including dedicated truck service centers across the state of Georgia, to help drive the adoption of Xos electric trucks. Shares trades 2.3% down premarket.

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Xos signs strategic partnership with Yancey Bros.