BOSTON–(BUSINESS WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Firm”), a pacesetter in car electrification options for industrial and municipal fleets, at present introduced it’s now providing its hybrid electrical drive system for Ram 2500 and 3500 heavy responsibility pickup vehicles. The XLH™ system represents the Firm’s first electrification product to be obtainable for Ram Business, Stellantis’ (NYSE: STLA) line of economic pickup vehicles.
XL Fleet’s latest product represents the fourth OEM platform on which its electrification programs are suitable, which additionally consists of hybrid and plug-in hybrid electrical drive options for Ford, Basic Motors and Isuzu fleet automobiles. With the Ram 2500 and 3500 heavy responsibility pickup fashions added to its hybrid product line, XL Fleet now electrifies 4 of the U.S.’s top-selling pickup manufacturers, together with Ford F-series, Chevrolet Silverado, Ram and GMC Sierra vehicles.
With the addition of Stellantis, the world’s fourth largest automaker, and its widespread Ram truck and industrial lineup to its roster of OEM companions, XL Fleet continues to diversify its product portfolio to fulfill a broader vary of automobiles, purposes and specs for its fleet prospects. Ram pickups are famend amongst fleets for his or her distinctive towing functionality, consolation and luxurious design, and might now notice important gasoline financial system enhancements and CO2 emissions reductions with an XL Hybrid electrical drive system put in.
“Including a world chief like Stellantis to our community of OEM companions represents an excellent milestone for XL Fleet, and supplies one other world-class platform to our product portfolio for patrons,” stated Dimitri Kazarinoff, Chief Govt Officer of XL Fleet. “The Ram Business line of pickup vehicles generates important demand within the fleet trade, and this platform opens engaging new alternatives for our present prospects and prospects to impress their fleet. We proceed to execute on our technique of constructing the broadest and most various community of fleet electrification options in the marketplace, whereas serving to prospects to instantly transfer ahead on assembly their sustainability targets.”
The XLH hybrid electrical drive system is now obtainable for choose Ram 2500 / 3500 fashions with the 6.4L V8 engine and a variety of wheelbases, cab configurations and drivelines. The XLH system incorporates a high-efficiency lithium-ion battery, inverter and electrical traction motor, which helps to propel the car ahead throughout acceleration and captures power via regenerative braking throughout deceleration.
As with the remainder of the XLH hybrid electrical upfit purposes, the system requires no exterior energy or charging infrastructure to function, and all OEM manufacturing unit warranties stay intact. The XLH system consists of XL Fleet’s customary 3-year, 75,000-mile guarantee, with prolonged guarantee choices obtainable. The programs are additionally presently obtainable on all kinds of Class 2-6 automobiles from Ford, Chevrolet, GMC, and Isuzu.
XL Fleet can be displaying an XLH hybrid-equipped Ram 2500 in its sales space (#1211) in the course of the Superior Clear Transportation (ACT) Expo occasion August 31 – September 1 in Lengthy Seaside, CA. For extra data on XL Fleet’s full suite of electrification options, go to www.xlfleet.com or contact gross email@example.com.
About XL Fleet Corp.
XL Fleet is a number one supplier of car electrification options for industrial and municipal fleets in North America, with greater than 150 million miles pushed by prospects corresponding to The Coca-Cola Firm, Verizon, Yale College and the Metropolis of Boston. XL Fleet’s hybrid and plug-in hybrid electrical drive programs can enhance gasoline financial system as much as 25-50 p.c and cut back carbon dioxide emissions as much as 20-33 p.c, reducing working prices and assembly sustainability targets whereas enhancing fleet operations. XL Fleet’s plug-in hybrid electrical drive system was named one in all TIME journal’s greatest innovations of 2019. For added data, please go to www.xlfleet.com.
Stellantis is likely one of the world’s main automakers and a mobility supplier, guided by a transparent imaginative and prescient: to supply freedom of motion with distinctive, inexpensive and dependable mobility options. Along with the Group’s wealthy heritage and broad geographic presence, its best strengths lie in its sustainable efficiency, depth of expertise and the wide-ranging abilities of workers working across the globe. Stellantis will leverage its broad and iconic model portfolio, which was based by visionaries who infused the marques with ardour and a aggressive spirit that speaks to workers and prospects alike. Stellantis aspires to change into the best, not the most important whereas creating added worth for all stakeholders in addition to the communities through which it operates.
Ahead Wanting Statements
Sure statements on this press launch could represent “forward-looking statements” throughout the which means of the federal securities legal guidelines. Ahead-looking statements typically are accompanied by phrases corresponding to “imagine,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” and comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues. These statements are primarily based on varied assumptions, whether or not or not recognized on this press launch, and on the present expectations of administration and are usually not predictions of precise efficiency. Ahead-looking statements are topic to numerous dangers and uncertainties that would trigger precise outcomes to vary materially from the forward-looking statements, together with however not restricted to; the consequences of pending and future laws; the extremely aggressive nature of the Firm’s enterprise and the industrial car electrification market; litigation, complaints, product legal responsibility claims and/or antagonistic publicity; value will increase or shortages within the parts or chassis essential to help the Firm’s services; the introduction of latest applied sciences; the affect of the COVID-19 pandemic on the Firm’s enterprise, outcomes of operations, monetary situation, regulatory compliance and buyer expertise; the potential lack of sure important prospects; privateness and knowledge safety legal guidelines, privateness or knowledge breaches, or the lack of knowledge; normal financial, monetary, authorized, political and enterprise situations and adjustments in home and international markets; the lack to transform its gross sales alternative pipeline into binding orders; dangers associated to the rollout of the Firm’s enterprise and the timing of anticipated enterprise milestones, together with the continuing world microchip scarcity and restricted availability of chassis from car OEMs and our reliance on our suppliers; the consequences of competitors on the Firm’s future enterprise; the provision of capital; and the opposite dangers mentioned underneath the heading “Danger Components” within the Firm’s Annual Report on Kind 10-Okay filed on March 31, 2021, as amended and supplemented by the 10-Okay/A filed Could 17, 2021, and different paperwork that the Firm recordsdata with the SEC sooner or later. If any of those dangers materialize or our assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. These forward-looking statements converse solely as of the date hereof and the Firm particularly disclaims any obligation to replace these forward-looking statements.