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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) announced its acquisition of the KARNO hydrogen and fuel agnostic generator from GE Additive for approximately $37 million, comprising $15 million in cash and $22 million in stock. The KARNO generator is poised to enhance efficiency by over 20% compared to conventional generators and can operate on more than 20 fuels, including hydrogen. Expected to meet stringent emissions standards, this technology will be integrated into Hyliion's Hypertruck powertrain platform, advancing its mission in clean energy solutions for Class 8 trucks.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2022 results, revealing a surge in order backlog to 200 Hypertruck ERX production slots and nearly 2,000 reservations. The company completed its first freight delivery with Hypertruck ERX, generating $0.2 million in revenue. Hyliion confirmed its product qualifies for a 30% tax incentive under the Inflation Reduction Act. The company expects full-year revenue between $2.0 million and $3.0 million and has lowered its operating expenses guidance to $130–$140 million. Hyliion ended the quarter with over $500 million in capital.
Hyliion Holdings Corp (NYSE: HYLN) has secured an order for 10 Hypertruck ERX™ units from Ruan, a leading transportation management provider. Ruan, known for its commitment to alternative fuels, aims to enhance its carbon reduction goals with this purchase. The Hypertruck ERX™ is designed to lower operating costs and emissions, featuring an electric powertrain powered by an onboard natural gas generator. This order signifies a step forward in Hyliion's commercialization efforts, bolstered by Ruan's previous positive experience with the Hypertruck ERX.
Hyliion Holdings Corp (NYSE: HYLN) will host a conference call on August 10, 2022, at 11:00 a.m. ET to discuss its second-quarter 2022 financial results after reporting on August 9, 2022. The conference aims to provide insights into the company's financial performance and future outlook. Hyliion focuses on electrified powertrain solutions for Class 8 semi-trucks, aiming to reduce carbon emissions and enhance operational efficiency for fleet operators. Access details for the call and webcast are available through their website.
Hyliion Holdings Corp (NYSE: HYLN) announced a significant order of 10 Hypertruck ERX units from Ruan, a leading transportation management provider. This order reflects Ruan's commitment to sustainability and alternative fuels, with plans to integrate these units into their existing fleet. The Hypertruck ERX features an electric powertrain, which reduces emissions and operating costs while utilizing natural gas for recharging. This agreement highlights the growing interest in electrified powertrain solutions and positions Hyliion to enhance its market presence.
Hyliion Holdings Corp (NYSE: HYLN) announced an order from NFI for 10 units of its Hypertruck ERX™, which secures production slots. NFI, a leader in supply chain logistics with over 4,500 trucks, aims to reduce its carbon footprint through sustainable transport solutions. The Hypertruck ERX™ features an electric powertrain that charges via an onboard natural gas generator, enabling lower operating costs and reduced emissions. This order reflects NFI's commitment to zero-emission transportation and positions Hyliion for growth in the electrified powertrain market.
Hyliion Holdings Corp (NYSE: HYLN) partners with Cummins Inc (NYSE: CMI) to enhance the Hypertruck ERX powertrain, optimizing Cummins' natural gas engine for use as a generator. This collaboration aims to secure environmental certifications for sustainable trucking solutions. The Hypertruck ERX promises 75 miles of electric range and up to 1,000 miles through natural gas, accessing over 700 refueling stations in North America. Production of this eco-friendly solution is expected to commence in late 2023.
Hyliion Holdings Corp (NYSE: HYLN) has announced its participation in two upcoming investor conferences. CEO Thomas Healy and CFO Sherri Baker will hold one-on-one meetings at the Credit Suisse Mobility Conference on June 21, 2022, at 9 a.m. ET. Healy will also present at the Cantor Fitzgerald ESG Conference on June 28, 2022, at 10 a.m. PT, with a live audio webcast available on Hyliion's investor relations website. The company's mission is to reduce emissions from Class 8 trucks through its electrified powertrain solutions.
Hyliion Holdings Corp (NYSE: HYLN) has received a purchase order from Holcim US for 10 units of its Hypertruck ERX™, aimed at replacing diesel trucks in operations across Texas and Oklahoma. This order, backed by deposits, aligns with Holcim's goal of reducing its transportation carbon footprint. The Hypertruck ERX™ utilizes an electric powertrain charged by a natural gas generator, enabling net-negative carbon emissions when fueled with renewable natural gas. This partnership highlights both companies' commitment to sustainability in commercial trucking.
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