Xos Inks Strategic Partnership With Georgia-Based Yancey Bros

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  • Electric mobility company Xos Inc XOS entered a strategic partnership with Yancey Bros. Co. to distribute its vehicles across the state of Georgia. Deal terms were not disclosed.
  • Yancey currently operates 29 facilities across the state.
  • Yancey will leverage its existing infrastructure and facilities to help drive the adoption of Xos electric trucks.
  • Price Action: XOS shares are trading higher by 13.3% at $4.59 on the last check Tuesday.
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