Xos SPAC Presentation Deck

(7) 61329Y2 UPS/Morgan Olson Van Body on X-Platform XOS OPPORTUNITY $100B¹ TAM for Commercial Vehicles E-commerce growth and regulations driving a new mobility ecosystem. Compelling ESG Opportunity with Strong Revenue Growth Predicted to save 49 megatons of CO₂ through projected vehicle deliveries made by 2025. Proven Vehicles on the Road Commercial vehicle in use since 2018 Foundational Customers & Partnerships Premier contracted customers and aftermarket partners. Industry-Leading Total Cost of Ownership Vehicles are highly competitive against ICE equivalents and peers on an unsubsidized basis. Highly Capable Management Team Founder-driven management team with deep industry expertise and commitment to Xos mission. NextGen Value Add Operational and governance experience, industry expertise, and customer/partner relationships TAM reflects Xos assumed average selling price applied to medium-duty and 20% of heavy-duty commercial trucks assumed to be used for last mile applications and excludes Confidential and Privileged, Property of Xos, Inc. China. 40

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