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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) 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.
Hyliion Holdings Corp. (NYSE: HYLN) announced significant progress in Q1 2021, focusing on the commercialization of its Hypertruck ERX powertrain solutions. Key highlights include the formation of the Hypertruck Innovation Council and the delivery of Peterbilt chassis for demo units. Hyliion aims to recognize revenue from improved Hybrid products by late 2021. However, the company is also planning to restate its 2020 financials regarding warrants, expected to be a non-cash adjustment. Overall, 2021 is anticipated to be pivotal for Hyliion's growth strategy.
Hyliion Holdings Corp (NYSE: HYLN) has formed the Hypertruck Innovation Council, comprising leaders from the fleet and transportation sectors to support the development of its Hypertruck powertrain solution. The council, representing over 100,000 Class 8 trucks globally, will provide insights for the Hypertruck ERX, aiming to enhance performance, reduce emissions, and lower costs. The initiative reflects Hyliion's commitment to sustainability and collaboration, as noted by industry leaders, including Anheuser-Busch. The Hypertruck ERX utilizes natural gas, promising lower operating costs and net-negative carbon emissions.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q4 and full-year 2020 results, highlighting significant advancements in electrified powertrain solutions for Class 8 commercial vehicles. The company introduced a next generation battery module with 40% improved cooling and five times longer cycle life. They achieved installation of 7 hybrid electric units in Q4, totaling 20 for the year. Hyliion secured $141 million from public warrants and expanded its executive team. The firm is set to launch a new Hybrid system and Hypertruck ERX in 2021, promising reduced emissions and operational costs in commercial transport.
Hyliion Holdings Corp (NYSE: HYLN) has announced the launch of its next-generation battery module, integrating Toshiba’s LTO cells to enhance battery life, charging rates, and safety. This battery module will be integral to the advancement of Hyliion’s Hybrid system. The new module boasts more than a 40% improvement in cooling, up to five times the cycle life of conventional EV batteries, and can recharge in under 8 minutes. These advancements are expected to bolster Hyliion’s market position in the electrified transportation sector.
Hyliion Holdings Corp. (NYSE: HYLN) will report its Q4 2020 financial results after the market closes on February 23, 2021. A conference call and webcast will follow on February 24, 2021, at 11:00 a.m. ET to discuss the results and the company's outlook. The company focuses on electrified powertrain solutions for Class 8 commercial vehicles, aiming to reduce greenhouse gas emissions in the transportation sector. More details are available on the company's website.
Hyliion Holdings Corp (NYSE: HYLN) announces the appointment of Matthew Loos as senior vice president of marketing. Loos brings over 20 years of experience in marketing and sales leadership, most recently at Terminix, where he managed a team of 45 professionals and drove new product lines resulting in record sales. His expertise includes brand strategy and data-driven marketing initiatives, which are expected to advance Hyliion's commercialization goals. The company's mission is to reduce carbon emissions in Class 8 vehicles through electrified powertrain solutions.
Hyliion Holdings Corp (NYSE: HYLN) appointed Bobby Cherian as senior vice president of sales and supply chain, effective immediately. With nearly 30 years in the trucking industry, Cherian will oversee sales strategy and supplier relationships. His previous experience includes leadership roles at Meritor, Ford, GM, and Dana, where he focused on electrified powertrain solutions. Hyliion aims to reduce carbon emissions in commercial transportation, leveraging advanced software for efficiency.
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