Hyliion Holdings

SEC smackdown and SuperTruck news overwhelm convention dispatches  

The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans.

The Securities and Exchange Commission in Washington is as good a starting point as any.

Lordstown Motors gets an SEC comeuppance

Nearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose...

https://www.freightwaves.com/news/sec-smackdown-and-supertruck-news-overwhelm-convention-dispatches

Can Karno technology generate a buyer for Hyliion?

Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator.

Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying special purpose acquisition company are the big unknowns.

The Karno generator, which Hyliion purchased from GE in August 2022 for its...

https://www.freightwaves.com/news/can-karno-technology-generate-a-buyer-for-hyliion

Are startup investors getting past the FOMU cycle?

The same driverless technology that Kodiak Robotics plans to put on highways in late 2024 has application to the military, which sees leveraging commercially developed innovation as smarter than creating everything itself.

Following Kodiak’s reveal of its Ford F-150-based prototype autonomous vehicle for the U.S. Army on Monday, Kodiak founder and CEO Don Burnette and I discussed dual-use technology, the recent comings and goings in the autonomous trucking space and a thawing of investor...

https://www.freightwaves.com/news/are-startup-investors-getting-past-the-fomu-cycle

Hyliion spikes powertrain business to prioritize Karno generator

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Hyliion Holdings is giving up on making hybrid electric powertrains and will focus on developing a...

https://www.freightwaves.com/news/hyliion-spikes-powertrain-business-to-prioritize-karno-generator

Will stationary power generators save Hyliion?

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It’s too soon to know whether Hyliion Holdings will be able to make a commercial success of its...

https://www.freightwaves.com/news/will-stationary-power-generators-save-hyliion

Hyliion may drop Hypertruck ERX as strategic review begins

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...

https://www.freightwaves.com/news/hyliion-may-drop-hypertruck-erx-as-strategic-review-begins

Hyliion posts scant Q2 revenue but retains cash cushion

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Startup powertrain developer Hyliion Holdings has sufficient cash to run its business through 2024...

https://www.freightwaves.com/news/hyliion-posts-scant-q2-revenue-but-retains-cash-cushion

Hyzon considers sale of fuel cell business to raise capital

Hyzon Motors would consider a sale or merger to keep its global fuel cell system business alive as it awaits the outcome of a Securities and Exchange Commission probe into possible phantom sales.

The spinoff of Singapore’s Horizon Fuel Cell Technologies went public via special purpose acquisition company Decarbonization Plus Acquisition Corp. in July 2021 and has cleared much of the underbrush that has hampered its business. It filed delinquent quarterly financial reports that returned it to the...

https://www.freightwaves.com/news/hyzon-considers-sale-of-fuel-cell-business-to-raise-capital

Truck Tech: Who’s on first edition

Autonomous trucking is a far weightier topic than baseball, the subject of the famous “Who’s on first?” Abbott and Costello comedy classic. Determining the positions of truck makers and autonomous software developers might be more watchable than even rule-shortened games in the new MLB season.

Abbott and Costello and their famous comedy bit “Who’s on First?” (Image: YouTube)

Who really drives autonomous truck development?

After three stories and more than 3,000 words on TuSimple this week here, he...

https://www.freightwaves.com/news/truck-tech-whos-on-first-edition

Hyliion and Hyzon Motors will collaborate on fuel cell truck

The first version of Hyliion’s hybrid-electric truck is still about a year from production. But the third version of the Hypertruck ERX will be a hydrogen-powered fuel cell developed with Hyzon Motors, the companies said Wednesday.

The two startups expect to integrate a Hyliion electric powertrain system with a Hyzon fuel cell by late this year. Production would follow when sufficient hydrogen fueling infrastructure is available, Hyliion founder and CEO Thomas Healy said Wednesday.

“Initial...

https://www.freightwaves.com/news/hyliion-and-hyzon-motors-will-collaborate-on-fuel-cell-truck

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