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Hyliion Holdings Corp. - HYLN STOCK NEWS

Welcome to our dedicated page for Hyliion Holdings news (Ticker: HYLN), a resource for investors and traders seeking the latest updates and insights on Hyliion Holdings stock.

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.

News

Hyliion’s KARNO™ Technology Successfully Tests on Unprocessed Permian Basin Gas

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Hyliion Holdings Corp. (NYSE: HYLN) successfully tests KARNO generator technology using untreated natural gas from the Permian Basin, showcasing its innovative fuel-agnostic capability and ultra-low emissions profile. The technology is expected to significantly reduce emissions and generate valuable revenue for oil and gas sites.
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Hyliion Holdings Corp. (NYSE: HYLN) to Host Tech Fireside Chat Showcasing KARNO Linear Generator Technology on December 12th

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Hyliion Holdings Corp. (NYSE: HYLN) is hosting a Tech Fireside Chat on December 12th, 2023, featuring its Founder and CEO, Thomas Healy, and CTO, Josh Mook, to discuss the KARNOTM technology. The event will showcase the unique features, benefits, and additive manufacturing process of the generator, along with real-life testing and performance comparison with a conventional diesel engine.
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Hyliion Receives NYSE Continued Listing Standards Notice

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Hyliion Holdings Corp. (NYSE: HYLN) received a notice from the NYSE regarding non-compliance due to the average per share closing price falling below $1.00. Hyliion has six months to regain compliance by increasing the closing price to at least $1.00 per share and maintaining an average closing price at that level over thirty trading days. The notice has no immediate impact on the listing of Hyliion’s common stock, which will continue to be listed and traded on the NYSE under the symbol “HYLN” during the six-month period.
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Hyliion Holdings Reports Third-Quarter 2023 Financial Results

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Hyliion Holdings Corp. (NYSE: HYLN) plans to focus on KARNO generator technology, wind down powertrain operations, and preserve technology for potential future use or sale. The company reported Q3 2023 financial results, projecting approximately $285 million of available capital and an estimated cash burn of $40 million in 2024. With recent CARB certification and fleet trials, Hyliion completed steps for the commercialization of the Hypertruck ERX powertrain.
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Hyliion Holdings Schedules Third Quarter Financial Results Conference Call and Webcast for November 9, 2023

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Hyliion Holdings Corp. (NYSE: HYLN) will host a conference call and webcast on November 9, 2023, to discuss its financial results, business, and outlook. The company plans to report its 2023 third quarter financial results on November 8, 2023.
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Hyliion’s KARNO™ Generator Successfully Returns Power to the Grid

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Hyliion's KARNO generator achieves successful grid matching in Ohio, demonstrating its capability in grid-tied applications. The fuel-agnostic generator offers high efficiency, low emissions, and can help stabilize and reduce dependency on the grid. It is adaptable to zero carbon fuels and has a modular design for improved fuel efficiency and lower maintenance costs.
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Hyliion Holdings Announces Strategic Review of Alternatives for Electric Powertrain Business

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Hyliion Holdings Corp. engages strategic expert advisors to explore options for its powertrain business
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Hyliion and Cummins Receive Certification From the California Air Resource Board for the Hypertruck ERX Electric Powertrain

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Hyliion and Cummins obtain Dual Executive Order from CARB for Hypertruck ERX powertrain paired with ISX12N engine
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Hyliion Holdings Reports Second-Quarter 2023 Financial Results

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Hyliion Holdings Corp. (NYSE: HYLN) reported its second-quarter 2023 financial results. Key highlights include hosting an Investor Day, beginning installation of the Hypertruck ERX powertrain system, passing safety testing, and announcing the development of a day cab variant. The company also provided updates on the KARNO generator and the collaboration with Hyzon Motors. Financially, Hyliion recorded $266 thousand in revenue, with operating expenses totaling $38.5 million. The company ended the quarter with $354 million in cash.
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Hyliion Holdings Schedules Second Quarter Financial Results Conference Call and Webcast for August 9, 2023

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Hyliion Holdings Corp. (NYSE: HYLN) to host conference call and webcast to discuss 2023 second quarter financial results, business, and outlook, aiming to provide investors with valuable insights into the company's performance and future prospects.
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FAQ

What is the current stock price of Hyliion Holdings (HYLN)?

The current stock price of Hyliion Holdings (HYLN) is $2.76 as of December 24, 2024.

What is the market cap of Hyliion Holdings (HYLN)?

The market cap of Hyliion Holdings (HYLN) is approximately 479.5M.

What does Hyliion Holdings Corp. do?

Hyliion provides electrified powertrain solutions for Class 8 commercial vehicles, focusing on reducing fuel costs and greenhouse gas emissions.

What are the main products developed by Hyliion?

Hyliion is developing two main powertrain systems: the Hybrid system and the Hypertruck ERX system.

How does Hyliion's hybrid system benefit trucking companies?

The hybrid system can reduce total fuel consumption by over 30% and offers a return on investment of less than a year, reducing operational costs and emissions.

What is regenerative braking and how does Hyliion use it?

Regenerative braking captures energy when the vehicle slows down or goes downhill. Hyliion's smart suspension system reuses this energy for acceleration, enhancing fuel efficiency.

How does Hyliion's technology improve a driver's quality of life?

Hyliion's smart suspension system can power the truck while parked, allowing drivers to turn off the diesel engine, reducing fuel consumption and noise.

What is the Hypertruck ERX system?

The Hypertruck ERX system is one of Hyliion’s advanced powertrain solutions designed to provide sustainable and cost-effective electrification for long-haul trucks.

How does Hyliion’s technology contribute to sustainability?

Hyliion's electrified solutions reduce fuel consumption and greenhouse gas emissions, promoting a greener and more sustainable transportation industry.

What are the financial benefits of using Hyliion’s systems?

Hyliion’s systems significantly cut fuel costs, which account for nearly 40% of operating expenses in the trucking industry, providing substantial savings and quick ROI.

How does the smart suspension system work?

The smart suspension system captures energy during braking or descent and reuses it for acceleration, making the system more efficient and cost-effective.

Why is Hyliion a significant player in the commercial vehicle industry?

Hyliion’s innovative solutions address critical issues like fuel costs and emissions, making it a key driver of sustainability and efficiency in the commercial vehicle sector.

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Hyliion Holdings Corp.

NYSE:HYLN

HYLN Rankings

#3151 Ranked by Market Cap
N/A Ranked by Dividends

HYLN Stock Data

479.51M
114.37M
32.97%
23.42%
6.72%
Auto Parts
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