XL Fleet Celebrates Michigan Fleet Electrification Generation Heart with Ribbon Chopping Tournament That includes Governor Gretchen Whitmer

Governor Whitmer reaffirms Michigan and XL Fleet’s joint dedication to accelerating the electrification of the car and industrial fleet business

Growth to Detroit area allows XL Fleet to draw best car and industrial car engineering ability

BOSTON–(BUSINESS WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Corporate”), a pacesetter in fleet electrification answers for industrial and municipal fleets, lately celebrated the grand opening of its Fleet Electrification Generation Heart in Wixom, MI, with Michigan Governor Gretchen Whitmer and different legislative leaders of the state in attendance. Governor Whitmer joined XL Fleet CEO Dimitri Kazarinoff, Founder & President Tod Hynes, CTO and VP of Engineering Mike Kenhard, Wixom Mayor Patrick Beagle, and Michigan Financial Construction Company Government VP Josh Hundt in a press convention and ribbon chopping rite on the new facility. Along with the ribbon chopping rite, Governor Whitmer and XL Fleet executives presented remarks highlighting the significance of increasing the electrification of the economic fleet business whilst XL Fleet showcased its newest hybrid and plug-in hybrid electrical power answers for well-liked cars from Basic Motors, Ford and Isuzu.


The formal unveiling of the Fleet Electrification Generation Heart, which the Corporate first announced in March 2021, highlighted XL Fleet’s plans to deliver new inexperienced transportation jobs to Michigan, contributing to the state’s dedication to sustainability beneath Governor Whitmer. It was once famous throughout the rite that the brand new facility recently comprises 26 complete time Michigan workers, together with a couple of dozen who’ve been employed because the starting of 2021. The Corporate plans to make bigger its engineering crew by means of 50% in 2021, with greater than 50 jobs anticipated to be added on the facility over the following 3 years by means of capitalizing at the location’s strategic get entry to to a wealth of car and industrial car engineering ability throughout the area.

Because the Biden management continues to prioritize and advertise the development of electrical transportation, XL Fleet is situated to play a treasured position in accelerating the adoption of hybrid, plug-in hybrid and all-electric cars, in addition to charging infrastructure, power control and electrification as a provider answers for industrial fleets around the state of Michigan and the USA within the coming years.

As XL Fleet’s fourth U.S. location, the Fleet Electrification Generation Heart is a state of the art, just about 25,000 sq. foot facility designed to assist the Corporate extra unexpectedly make bigger its suite of business fleet electrification answers whilst assembly the rising call for for car electrification all the way through North The us.

“The grand opening of our Fleet Electrification Generation Heart in Michigan marks a milestone for XL Fleet as we make bigger our footprint into this extremely strategic location, positioning us so as to add capability to the phenomenal ability we have already got in-house,” mentioned XL Fleet CEO Dimitri Kazarinoff. “It’s an honor to be joined by means of Governor Whitmer and different officers to assist rejoice and inaugurate our first facility situated within the nation’s best area for car engineering innovation.”

XL Fleet Founder & President Tod Hynes added, “XL Fleet continues to succeed in milestones with our confirmed and rising product suite, robust strategic partnerships and world-class ability that can be enhanced via our new Michigan Fleet Electrification Generation Heart. Those milestones put XL Fleet in a singular place not to most effective capitalize at the business’s shift to electrification, however to proceed to assist power it.”

“This funding by means of XL Fleet will create just about 50 good-paying, high-skill jobs and assist us proceed our financial jumpstart and put Michigan again to paintings,” mentioned Governor Whitmer. “The brand new facility reinforces our popularity because the position that put the arena on wheels, and a pacesetter sooner or later of mobility and electrification. We’re excited to welcome XL Fleet to Michigan and look ahead to the pathbreaking inventions that can be created proper right here in our state.”

XL Fleet certified for a Michigan state incentive of as much as $400,000 from the Michigan Financial Construction Company (MEDC) for the leased facility, a grant designed to inspire growth into the state amongst rising companies. “XL Fleet’s new R&D facility will power new developments in long term mobility and extra show that Michigan is where the place production and generation converge,” mentioned MEDC Leader Industry Construction Officer and Government Vice President Josh Hundt. “This challenge aligns with our strategic focal point on rising the mobility and electrification ecosystem in Michigan and fostering high-wage process enlargement. We’re happy to paintings with our native companions to toughen XL Fleet’s funding.”

As well as, XL Fleet labored with MICHauto, the state’s car and mobility cluster affiliation, on increasing into the ability. “MICHauto could be very happy to welcome XL Fleet to the Michigan car and generation neighborhood,” mentioned Glenn Stevens, Government Director for MICHauto. “XL Fleet has strategically situated within the densest cluster of next-generation electrification generation, engineering, and complex production on this planet. The chance to make use of the ability, infrastructure, and high quality of existence throughout our state is exclusive to Michigan, and MICHauto appears ahead to running with them to toughen their corporate’s enlargement. “

About XL Fleet Corp.

XL Fleet is a number one supplier of auto electrification answers for industrial and municipal fleets in North The us, with greater than 150 million miles pushed by means of shoppers akin to The Coca-Cola Corporate, Verizon, Yale College and the Town of Boston. XL Fleet’s hybrid and plug-in hybrid electrical power programs can build up gasoline financial system as much as 25-50 p.c and cut back carbon dioxide emissions as much as 20-33 p.c, reducing running prices and assembly sustainability objectives whilst bettering fleet operations. XL Fleet’s plug-in hybrid electrical power device was once named certainly one of TIME mag’s perfect innovations of 2019. For more information, please seek advice from www.xlfleet.com.

Ahead Taking a look Statements

Positive statements on this press liberate might represent “forward-looking statements” throughout the which means of the federal securities regulations. Ahead-looking statements usually are accompanied by means of phrases akin to “imagine,” “might,” “will,” “estimate,” “proceed,” “await,” “intend,” “be expecting,” “must,” “would,” “plan,” “are expecting,” “possible,” “appear,” “search,” “long term,” “outlook,” and equivalent expressions that are expecting or point out long term occasions or tendencies or that aren’t statements of historic issues. Those statements are in accordance with quite a lot of assumptions, whether or not or no longer recognized on this press liberate, and at the present expectancies of control and aren’t predictions of exact efficiency. Ahead-looking statements are matter to numerous dangers and uncertainties that would reason precise effects to vary materially from the forward-looking statements, together with however no longer restricted to failure to comprehend the expected advantages from the trade aggregate; the consequences of pending and long term regulation; the extremely aggressive nature of the Corporate’s trade and the economic car electrification marketplace; litigation, proceedings, product legal responsibility claims and/or opposed exposure; price will increase or shortages within the parts or chassis important to toughen the Corporate’s services and products; the advent of latest applied sciences; the have an effect on of the COVID-19 pandemic at the Corporate’s trade, result of operations, monetary situation, regulatory compliance and buyer enjoy; the prospective lack of sure vital shoppers; privateness and knowledge coverage regulations, privateness or information breaches, or the lack of information; normal financial, monetary, prison, political and trade stipulations and adjustments in home and overseas markets; the shortcoming to transform its gross sales alternative pipeline into binding orders; dangers associated with the rollout of the Corporate’s trade and the timing of anticipated trade milestones; the consequences of pageant at the Corporate’s long term trade; the supply of capital; and the opposite dangers mentioned beneath the heading “Possibility Components” within the Corporate’s Annual Document on Shape 10-Ok filed on March 31, 2021, as amended and supplemented by means of the 10-Ok/A filed Would possibly 17, 2021, and different paperwork that the Corporate information with the SEC sooner or later. If any of those dangers materialize or our assumptions end up flawed, precise effects may vary materially from the consequences implied by means of those forward-looking statements. Those forward-looking statements talk most effective as of the date hereof and the Corporate in particular disclaims any legal responsibility to replace those forward-looking statements.

Contacts

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