Hyliion Holdings Corp (HYLN)

[WeTheMarket]

Electric trucks should shake off setbacks in 2024
New models, infrastructure additions signal stronger electrification push
Alan Adler
January 03, 2024
https://www.freightwaves.com/news/electric-trucks-should-shake-off-setbacks-in-2024

Relevant quotes:

"The Hyliion Hypertruck ERX natural gas-electric powertrain shown in Peterbilt Model 579 gliders disappeared from view late in 2023. The startup’s board of directors saw no path to profitability. Suppliers raised costs. Serious interest from fleets lacked for a more complex solution to zero-emission driving than a straight battery-electric."

"Hyliion pivoted to using Karno generator technology purchased from GE for stationary electric generation. It will be a story to watch in 2024. A recent test using untreated natural gas directly from the Permian Basin showed the generator could achieve heat levels need to generate electricity with an ultra-low emissions profile."