Hyliion may drop Hypertruck ERX as strategic review begins

Capt. John

Hyliion Holdings is pausing orders of its Hypertruck ERX heavy-duty natural gas-electric powertrain as part of a strategic review.

“Hyliion, like others, has experienced slower-than-anticipated market adoption as fleets undertake a gradual transition to electric trucks,” the company said in a statement Tuesday ahead of a conference call scheduled for Wednesday.

The company’s stock (NYSE: HYLN) shares fell to 65 cents, down 45.3% in early trading Wednesday. During the height of the special...


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