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Hyliion Holdings Corp. (HYLN) is a leading provider of electrified solutions for the commercial vehicle industry. The company focuses on reducing carbon intensity and greenhouse gas emissions in the transportation sector by offering innovative powertrain solutions for Class 8 commercial vehicles. Hyliion's goal is to provide these advanced systems at the lowest total cost of ownership.
One of Hyliion's standout innovations is its add-on hybrid system for semi-trailers. By integrating this system, trucking companies can achieve over 30% fuel savings, with a return on investment of less than a year. This system not only reduces operational costs but also enhances the driver’s quality of life and mitigates harmful environmental impacts.
Fuel consumption is a significant concern in the trucking industry, accounting for nearly 40% of operating costs. Hyliion’s smart suspension system addresses this by employing regenerative braking to capture power when the vehicle slows down or descends hills. This captured energy is then reused to assist in acceleration, maximizing efficiency.
Traditionally, trailers have been passive systems, but Hyliion’s innovations introduce active power and technology to trailers. This enables multiple industry challenges to be tackled with a single product. For instance, the system can supply power to the truck while it is parked, allowing the driver to turn off the diesel engine and save over 13% in fuel consumption.
Currently, Hyliion is developing two major powertrain systems: the Hybrid system and the Hypertruck ERX system. These systems aim to transform the long-haul trucking market by providing sustainable and cost-effective solutions.
Hyliion's commitment to sustainability and efficiency positions it as a significant player in the commercial vehicle industry. The company’s products not only reduce costs but also contribute to a greener and more sustainable future.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2021 results, highlighting a strong balance sheet with $617 million in cash and investments. The company appointed Dennis M. Gallagher as COO, enhancing its leadership for commercialization efforts. Hyliion secured a reservation of 300 Hypertruck ERX units from Detmar Logistics, indicating robust demand. The Hypertruck ERX is on track for commercialization in late 2022, featuring an all-electric range of 75 miles to meet California's ACT Rule. Operating expenses are projected between $130 million and $140 million, down from previous guidance.
Hyliion Holdings Corp. (NYSE: HYLN) showcased the Hypertruck ERX™ to U.S. Secretary of Energy Jennifer Granholm and Representative Haley Stevens at FEV North America's facility in Michigan. This demonstration highlights Hyliion's commitment to the Biden administration's $1 trillion infrastructure plan aimed at achieving net-zero carbon emissions. The Hypertruck ERX™ integrates an electric powertrain with a natural gas generator, offering lower emissions and operating costs for Class 8 trucks. Recently, Detmar Logistics executed a reservation for 300 units, signaling strong market interest.
Hyliion Holdings Corp (NYSE: HYLN) announced a significant reservation agreement with Detmar Logistics for 300 Hypertruck ERX™ systems, aimed at electrifying their fleet over the next five years. This collaboration highlights the growing demand for Hyliion's technology which promises lower operating costs and reduced emissions.
The Hypertruck ERX™ utilizes a natural gas generator for recharging, offering quick refueling and potential net-negative carbon emissions. Detmar's initial deployment of 10 hybrid units received positive feedback, reinforcing the partnership's potential.
Hyliion Holdings Corp (NYSE: HYLN) has announced the launch of a long-range variant of its Hypertruck ERX™, offering 75 miles of all-electric range. This version qualifies for California's Advanced Clean Truck Rule, providing zero-emission vehicle (ZEV) credits. The Hypertruck ERX™ boasts a total range exceeding 1,000 miles, utilizing an onboard generator for continuous battery recharge. It is designed for operational flexibility with plug-in capabilities, catering to long-haul fleet operators. The new variant will be showcased at the Advanced Clean Transportation Expo on August 31 and September 1.
Hyliion Holdings Corp (NYSE: HYLN) announced a conference call on August 11, 2021, at 11:00 a.m. ET to discuss its Q2 2021 financial results and business outlook. Prior to the call, the company will release its financial results, emphasizing its mission to reduce carbon emissions in Class 8 trucks through electrified powertrain solutions. Hyliion aims to transform the commercial transportation industry while decreasing operating costs for fleet operators.
Hyliion Holdings Corp. (NYSE: HYLN) will join the Russell 3000 Index beginning June 28, following the annual reconstitution. This inclusion reflects the company's growth and market confidence, as it ranks among the 4,000 largest US stocks based on market capitalization. Membership in the Russell 3000 also guarantees inclusion in the small-cap Russell 2000 Index, enhancing visibility among institutional investors. Approximately $10.6 trillion in assets are benchmarked against Russell indexes, highlighting their significance in investment strategies.
Hyliion Holdings Corp (NYSE: HYLN) is expanding its Austin headquarters to meet growing demand for its electrified powertrain solutions. The multi-million-dollar project will increase facility capacity by 50%, comprising three stages: more office space, a reconfigured installation warehouse, and a new R&D testing area. Construction will add 20,000 square feet of office space, accommodate up to 500 employees, and triple the area for battery technology development. Completion is anticipated next year, supporting the rollout of new products like the Hybrid unit and Hypertruck ERX.
Hyliion Holdings Corp (NYSE: HYLN) has announced favorable results from a loan program featuring their Hybrid CNG solution in collaboration with NW Natural. The program involved a Freightliner Cascadia truck loaned to three Oregon fleet operators: Baker Rock Resources, Tillamook County Creamery Association, and CalPortland, who experienced significant improvements in power, sustainability, and cost savings during a three-week trial. Each fleet operator reported that the technology successfully met their performance needs while contributing to lower carbon emissions.
Hyliion Holdings Corp (NYSE: HYLN) announced its participation in two upcoming investor conferences. The management team will present at the Wolfe Research Global Transportation and Industrials Conference on May 27 at 1:35pm EDT, and at the Tudor, Pickering, Holt & Co. Hotter ‘n Hell Conference on June 10 at 2:15pm EDT. A live webcast of the Wolfe Conference presentation will be available on their Investor Relations website, while the Tudor presentation will not be webcast. Hyliion focuses on reducing carbon emissions from Class 8 trucks through electrified powertrain solutions.
Hyliion Holdings Corp (NYSE: HYLN) has partnered with Detmar Logistics LLC to begin the electrification of their fleet over the next five years. This collaboration marks Hyliion's entry into the oil and gas industry. Detmar, which operates 127 trucks and transports over 200 loads per day, has ordered 10 Hyliion Hybrid Electric units. The partnership aims to support sustainability in operations while utilizing advanced electrification solutions. This move addresses environmental concerns related to flaring in oil and gas extraction, emphasizing low-carbon alternatives for commercial transportation.
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