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Xos partners with DLL on electric truck financing

December 22, 2020


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 Financing 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.

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