The sell-off of electric vehicle startup stocks has been as brutal as their frothy days of only a few months ago.
Hyliion Holdings is one of the hardest-hit young companies. But it is pushing ahead with its plans for a natural gas-electric hybrid truck capable of emitting less than net-zero carbon. Its share price has fallen from nearly $55 just before it went public in October to close Wednesday at $10.86.
On Wednesday, Hyliion said it has created a Hypertruck Innovation Council of fleets,...
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