La folie des Spacs prend des proportions impressionnantes à Wall Street tradingsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradingsat.com Daily Mail and Mail on Sunday newspapers.
Xos Trucks (NGAC) and Lion Electric (NGA) Are Both Set To Go Public by Merging With a SPAC – Which One Is Better? Feb 10, 2021 06:35 EST
Xos Trucks, a manufacturer of electric trucks for the commercial sector, is the latest entrant in a long line of EV companies opting to go public by merging with a Special Purpose Acquisition Company (SPAC). However, as the EV sphere grows more crowded, investors are invariably looking to cut through this plethora of choices in order to pick portfolio winners. To this end, we will try to compare the prospects of Xos Trucks with those of Lion Electric – another company that produces similar products.
Shares of SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday afternoon after reports of a potential deal with EV truck maker Xos. NextGen Acquisition
Share:
In an effort to overcome the cost barriers to buying electric vehicles, electric truck maker Xos Trucks Inc. on Tuesday announced a partnership with DLL to help finance the leasing of its all-electric commercial vehicles.
DLL is a global asset finance company and subsidiary of Rabobank Group.
The Xos X-Lease program will offer two types of full-service leases of the company s electric vehicles and charging equipment to fleets, helping them reduce energy, field and maintenance costs, a spokesperson said in an email to FreightWaves.
An operating lease will allow fleets to lease an electric vehicle without significant upfront investment. A capital lease targets the same goal but on a longer term.