XEV Will Launches A New "Hardware + Service" EV Model in Europe, Cutting Entry Costs and Expanding Access to Battery Swapping

TURIN, ITALY - Media OutReach Newswire - 11 April 2026 - XEV today announced the European rollout of its new Customer-to-Manufacturer (C2M) ecosystem, a direct-order model designed to lower the cost of entering the electric vehicle market by separating vehicle ownership from battery service. Through the program, customers can purchase an XEV vehicle while leasing its battery capacity, reducing upfront costs and addressing two of the biggest barriers to EV adoption in Europe: high purchase prices and concerns over battery depreciation and residual value. XEV is currently in discussions with capable partners, and many well-known large enterprises are hoping to get an early foothold in the new energy industry. This move will allow them to quickly enter the new energy sector."

XEV Will Launches A New “Hardware + Service” EV Model in Europe, Cutting Entry Costs and Expanding Access to Battery Swapping

The launch marks a major shift from the traditional dealership model, which relies on costly inventory and standardized vehicle stock. With XEV's C2M approach, drivers can configure vehicles directly online, enabling personalized production while reducing the capital burden typically built into retail pricing.

"We are not just manufacturing cars. We are redefining vehicle ownership," says the XEV leadership team. "Our goal is to make car production as flexible as smartphone manufacturing. We give users exactly what they need for city living without the financial weight of traditional ownership."

Built for European cities, customized by users

XEV's vehicles are designed specifically for dense urban environments. With a compact footprint of approximately 2.5 meters, the YOYO is built to navigate narrow streets and congested city centers while still offering a high degree of personalization.

Through XEV's online platform, customers can configure their vehicles by selecting exterior colors, interior materials, wheel designs, and other features. These choices feed into XEV's flexible production model, which supports mass customization rather than one-size-fits-all inventory.

3 Minutes to Full Power: Solving the Charging Crisis

Range anxiety remains a critical hurdle for European EVs. This is particularly true for drivers without private home charging infrastructure. XEV addresses this with its proprietary battery swapping network.

The XEV YOYO and the upcoming XEV XPRESSION are engineered with a modular battery system. Instead of waiting hours at a charging point, drivers pull into a dedicated station. They complete a fully automated battery replacement in approximately three minutes.

This "SWAPPING" technology does more than save time. It improves operational efficiency for commercial users and ensures the vehicle is immune to battery degradation. Since the driver does not own the battery, they never have to worry about the cell's lifespan affecting the car's resale value. This creates a "Zero Usage Anxiety" experience for the owner.

Commercial Application: Powering the Last-Mile Economy

The flexibility of the XEV platform extends well beyond personal commuting. It is designed to serve the booming last-mile economy. The platform supports last-mile delivery vehicles and shared mobility fleets.

XEV provides specialized enclosed cargo options for logistics companies. The vehicle can even be customized for small business applications, such as mobile coffee carts or retail trucks. For small business owners, the vehicle serves as a mobile asset that can be configured for specific trades, effectively lowering the barrier to entry for entrepreneurs.

XEV has already initiated pilot projects with major European logistics firms to prove the model's viability for high-frequency urban commuting and commercial delivery. For car-sharing services, the high utilization rates and low maintenance needs of the YOYO make it an ideal asset for time-based rental fleets. The modular design further supports this eco-friendly lifecycle by facilitating easy repair and part upgrades. This extends the product lifespan and reduces waste compared to traditional vehicles that are often scrapped when a single major system fails.

A Strategic Supply Chain for a New Era

XEV achieves this level of flexibility through a strategic manufacturing model. The company adopts a capital-light approach that relies on deep collaboration with mature Asian automotive supply chains. This ensures rigorous quality control and cost efficiency without the bloating of traditional manufacturing.

Simultaneously, XEV is committed to European localization. The company is currently establishing assembly hubs and battery swapping networks across Europe to better serve local demand. This dual approach allows XEV to combine global manufacturing power with local market responsiveness. It ensures that while the technology is global, the support and infrastructure are local.

Availability

Sales and deliveries of the XEV YOYO have commenced in whole European markets, including major countries of Italy and Germany, Spain and France and Argentina of South America, Peru of Africa etc.. The company continues to expand its infrastructure to support the growing network of users who demand a smarter and cleaner way to move through their cities.

For more information on the YOYO and the battery-swapping network, visit https://www.xev-global.com/yoyo or explore the upcoming XPRESSION model at https://www.xev-global.com/xpression.

Hashtag: #XEV

The issuer is solely responsible for the content of this announcement.

About XEV

XEV is an innovative electric vehicle company committed to transforming the way cars are designed, built, and owned. Through its direct-to-consumer (DTC) online customization platform and a flexible production system, XEV integrates personalized user demand with modular smart manufacturing. The company's mission is to make electric vehicles accessible and lifestyle-aligned for everyone. It drives the transition toward sustainable and personalized mobility. XEV positions itself not just as a manufacturer but as a global leader in urban electric mobility solutions.

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JAKARTA, INDONESIA - Media OutReach Newswire - 20 May 2026 - Green SM, Indonesia's first all-electric ride-hailing service, has partnered with the Traffic Corps of the Indonesian National Police (Korlantas Polri) to launch a large-scale driver safety and professional standards training program in Indonesia. The initiative begins with more than 300 driver partners and is expected to expand to approximately 7,000 participants nationwide this year.

Held at the Indonesia Safety Driving Center (ISDC) in Serpong on May 18, 2026, the program provided participants with practical instruction in defensive driving, emergency response, professional driving ethics, and Indonesian traffic regulations. The initiative combines classroom learning with hands-on exercises conducted in a controlled training environment at one of Indonesia's leading driving safety facilities. The program reflects Green SM's long-term commitment to building a professional driver network while promoting safer mobility experiences and higher service standards for Indonesian communities.

Since its launch in Indonesia in December 2024, Green SM had already implemented regular internal training programs for driver partners, focusing on safe driving practices, real-world situation handling, customer service standards, and traffic law compliance. Through this partnership, Green SM aims to further strengthen and standardize its training initiatives while also contributing to broader road safety awareness across Indonesia.

As of April 2026, Green SM vehicles have traveled more than 109 million kilometers across Indonesia, contributing to the reduction of approximately 20.9 thousand tons of CO2 emisssions, equivalent to the annual carbon absorption capacity of more than 964 thousand trees. As the company continues to expand, Green SM remains focused on supporting driver capability development and service quality initiatives to support safer and more reliable mobility experiences. Safety remains one of Green SM's core operational priorities, spanning driver training, service standards, and the overall customer journey across every ride.

Korlantas Polri, the national authority responsible for traffic management, law enforcement, and road safety education across Indonesia, is supporting the initiative as part of broader efforts to encourage safer and more disciplined driving practices nationwide.

This program marks an important first step in the collaboration between Green SM and Korlantas Polri. Both parties expect to explore additional initiatives in the future to promote responsible driving practices and contribute positively to Indonesia's evolving transportation ecosystem.

Mr. Deny Tjia, Managing Director of Green SM Indonesia, shared: "Our driver partners represent Green SM in every journey they complete. Through this program, we aim to strengthen their practical driving skills, road safety awareness, and service professionalism, while continuing to elevate the overall customer experience across Indonesia. At Green SM, safety is not only an operational standard, but also a long-term commitment embedded in how we develop and deliver our services in Indonesia. We are honored to work with Korlantas Polri and hope this collaboration can create meaningful benefits for both our drivers and the wider community."

Head of the Traffic Corps (Kakorlantas) of the Indonesian National Police, Inspector General Agus Suryonugroho, stated, "The training is part of an effort to promote road safety, security, order, and smooth traffic flow. This collaboration in enhancing driver capabilities is important as part of efforts to improve driver professionalism, as the driver aspect plays a crucial role. We hope this initiative can serve as a benchmark."

Through this initiative, Green SM and Korlantas Polri aim to promote higher standards of responsibility and professionalism that benefit drivers, passengers, pedestrians, and the broader transportation ecosystem across Indonesia.

Hashtag: #GreenSM

The issuer is solely responsible for the content of this announcement.

About GSM & Green SM

GSM (Green and Smart Mobility) is a pioneering company in electric mobility, founded by Phạm Nhật Vượng. The company is building an integrated mobility ecosystem powered by VinFast electric vehicles, intelligent technology, and a professional operating network.

The GSM ecosystem currently consists of four core companies:

• Green SM – GSM's all-electric ride-hailing brand.
• VinDT – the professional driver training and testing company.
• VinBus – the electric bus operating company.
• Green Future – the company providing electric vehicle rental solutions.

Green SM is GSM's global all-electric ride-hailing brand, offering high-quality transportation services using a 100% electric fleet of cars and motorbikes. Combining smart technology with a professional driver network, Green SM delivers a mobility experience that is safe, reliable, and environmentally responsible.

Green SM currently operates in Vietnam, Laos, Indonesia, and the Philippines, advancing GSM's mission to provide safe and dependable green journeys for everyone while helping shape a more sustainable future for urban transportation worldwide.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

Deny Tjia, Managing Director of Green SM Indonesia, with Dirkamsel Korlantas Polri Brigadier General Pol. Prianto, following the signing of a MoU at the opening of Green SM's driver safety training program at ISDC Serpong, May 18, 2026.