Xos SPAC Presentation Deck

Xos Is Focused On The Fast-Growing Last-Mile and Return-to-Base Segments. • Travel < 200 miles per shift • Return to base at night • Predictable routes >90% of Class 5 through Class 8 regional commercial vehicles travel less than 200 miles per shift Source: Wise, McKinsey & Company. CLASS 2 CLASS 3 CLASS 4 CLASS 5 CLASS 6 CLASS 7 CLASS 8 REGIONAL CLASS 8 LONGHAUL RIVIAN ΑΓΓΙVΑL Y T TESLA 3 LION NIKOLA MOTOR COMPANY CANO I WORKHORSE Confidential and Privileged, Property of Xos, Inc. 11

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