STOCK TITAN

Hyster expands integrated lithium-ion power to heavy-duty forklift segment

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Hyster Company has unveiled new high-capacity forklift models powered by integrated 350-volt lithium-ion batteries. These forklifts, ranging from 23,000 to 36,000 pounds load capacity, are designed for heavy-duty applications in industries such as steel and agriculture. The electric models promise performance comparable to diesel counterparts, with benefits including emission-free operation, lower total cost of ownership, and fast charging capabilities requiring as little as 11 minutes for up to an hour's use. Hyster aims to support clients in transitioning to clean power while maintaining operational efficiency.

Positive
  • Launch of high-capacity lithium-ion powered forklifts enhances product lineup.
  • Models offer performance comparable to diesel, improving industry sustainability.
  • Fast charging time (11 minutes for up to 1 hour of use) increases operational efficiency.
  • Long-range capabilities with over 275 kWh on-board energy storage facilitate extended use.
Negative
  • None.

Advanced battery technology brings electric power to increasingly high-capacity equipment that makes operational and business sense

GREENVILLE, N.C., May 27, 2021 (GLOBE NEWSWIRE) -- Hyster Company announces new high-capacity forklift models with factory integrated lithium-ion power, known as the J230-360XD and J360XD36-48 in the Americas, and the J10-18XD in Europe, Middle East, and Africa and Asia-Pacific. All models feature 350-volt lithium-ion battery power that delivers performance comparable to traditional diesel power in 23,000- to 36,000-pound (10-18 tonne) load capacities, helping heavy-duty applications achieve emissions goals without compromising performance.

“High-capacity lift trucks have historically depended on internal combustion engines, but with 350V lithium-ion power, going electric does not mean sacrificing performance or operational efficiency,” says Jan-Willem van den Brand, Director Global Market Development for Big Trucks, Hyster Company. “These new models exemplify clean power that means business, helping the bottom line with a lower total cost of ownership and delivering on the job site with long-term value, performance and sustainability.”

The high-performance trucks deliver key advantages to help heavy-duty industries like steel, concrete, lumber, agriculture and ports more easily transition to clean power:

  • Exceptional performance and visibility enable operators to use equipment just as they would traditional diesel-powered trucks
  • Convenient opportunity charging and capacity for over 275 kWh of on-board energy storage for extended run-time between charges
  • Fast charging speed requires as little as 11 minutes of plug-in time for up to an hour’s worth of truck use
  • No need to maintain, swap out batteries or designate valuable operational space to do so
  • Emission-free operation helps businesses achieve sustainability targets, take advantage of financial incentives and comply with regulations

Hyster helps customers make the most of their investment in electrification, not only by providing cutting-edge integrated lithium-ion trucks, but also through a best-fit charging strategy to meet unique operational requirements. This total package of technology and charging strategy can enable 24/7 operation for most heavy-duty applications. For example, higher-capacity battery packs can extend run-time between charges, while strategically located charging infrastructure can make the best use of opportunity charging between shifts or during breaks.

The high-capacity lithium-ion powered trucks draw on lessons learned through Hyster’s decades of experience with electric lift trucks to provide a trusted choice for heavy-duty operations. To stand up to intensive applications and prevent overheating, a high-voltage, low-current system incorporates water-cooled motors and drive controllers, helping to greatly reduce heat development. The trucks also include battery monitoring systems to help control under and over-charging.

Local Hyster® dealers worldwide back the lithium-ion powered trucks with the same service and support as existing equipment.

To access images, click here.

 

About Hyster Company

Hyster Company is a leading world-wide lift truck designer and manufacturer. Hyster Company offers 130 lift truck models configured for gasoline, LPG, diesel and electric power, with one of the widest capacity ranges in the industry — from 2,000 to 105,000 lbs. Supported by one of the industry’s largest and most experienced dealer networks, Hyster Company offers tough, durable lift trucks along with robotics and telematic solutions that deliver high productivity, low total cost of ownership, easy serviceability and advanced ergonomic features, accompanied by outstanding parts, service and training support.

Hyster Company is a division of Hyster-Yale Group, a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ more than 7,700 people world-wide. 

 

# # #

 

Company contact:

Melissa Cashwell

Hyster Company

252-329-7546

melissa.cashwell@hyster-yale.com

 

Media contact:

Dan Gauss

Koroberi

336-409-5391

dan@koroberi.com

Attachments


FAQ

What are the new high-capacity forklift models introduced by Hyster?

Hyster introduced the J230-360XD and J360XD36-48 models in the Americas, and the J10-18XD in Europe, Middle East, Africa, and Asia-Pacific.

What is the load capacity of the new Hyster electric forklifts?

The new forklifts have a load capacity ranging from 23,000 to 36,000 pounds.

How fast can the new Hyster forklifts be charged?

The new models can be charged in as little as 11 minutes for up to an hour of operational use.

What advantages do the new electric forklifts offer over traditional diesel models?

They provide emission-free operation, lower total cost of ownership, and performance comparable to diesel models.

What industries can benefit from Hyster's new electric forklifts?

Industries such as steel, concrete, lumber, agriculture, and ports can benefit from the new electric forklifts.

HYSTER-YALE MATERIALS HANDLING, INC

NYSE:HY

HY Rankings

HY Latest News

HY Stock Data

988.03M
11.50M
16.7%
62.41%
3.85%
Farm & Heavy Construction Machinery
Industrial Trucks, Tractors, Trailors & Stackers
Link
United States of America
CLEVELAND