Startup hybrid powertrain developer Hyliion Holdings is delaying its Class 8 natural gas/electric Hypertruck ERX for a year, and a new natural gas engine from Cummins Inc. raises doubts for the future of Hyliion’s current product, a power-boosting hybrid add-on.
Both developments — impacted by the supply chain crisis — led to a double-digit intraday decline in Hyliion’s share price as analysts questioned founder and CEO Thomas Healy about countermeasures.
While his comments during a Q3 earnings...