Hyliion Launches Fully Electric Powertrain, Receives 1,000-Truck Preorder from Agility
JUN 29, 2020 - 7:23 am
Hyliion, a provider of electrified powertrain solutions for Class 8 commercial vehicles, launched its Hypertruck Electric Range Extender (ERX), a long-haul, fully electric powertrain delivering emissions reductions and cost-savings to the global trucking industry.
The launch of the Hypertruck ERX is anchored by Agility, a logistics company with $5.2 billion in revenue and offices in 100 countries. Agility confirmed a preorder of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition in connection with Hyliion’s recently announced business combination.
“Hyliion is leading the way in electrified trucking. Our practical solution addresses the most important needs of today’s fleets: cost savings, lower emissions and a fueling infrastructure that can support long-haul transportation,” Thomas Healy, CEO and founder of Hyliion, said. “We’re already seeing robust interest in the Hypertruck ERX from fleets like Agility who are looking for electric solutions that can be seamlessly integrated.”
Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range. The powertrain also produces electricity locally at roughly 30% less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development, according to Hyliion.
“The Hyliion technology is so game-changing that all companies, especially those with consumer-facing brands, will be forced to adapt,” Tarek Sultan, vice chairman and CEO of Agility, said. “It’s a triple win: protect the environment, keep customers happy and benefit shareholders by improving the bottom line. We look forward to bringing significant cost savings and greater efficiency to our customers.”
According to Hyliion, the Hypertruck ERX is the only electric Class 8 vehicle that can achieve a net-negative greenhouse gas emissions footprint using renewable natural gas (RNG). It will achieve 25 miles of pure electric vehicle range in compliance with cities adopting “Zero Emission Zones.” The vehicle also uses a machine learning algorithm to optimize energy efficiency, emissions, performance and predictive maintenance schedules.
The Hypertruck ERX will feature Dana’s electric motor, inverter and axle technologies, and Dana plans to provide its manufacturing capabilities to support Hyliion in achieving full volume production of its powertrain systems. Initial Hypertruck ERX fleet demonstration vehicles have already been allocated to customers for delivery in 2021, with volume shipments scheduled in 2022.
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