HYLN - Hyliion Holdings lands order from Holcim US
Hyliion Holdings (NYSE:HYLN) traded higher on Thursday after announcing that Holcim US has ordered 10 units backed by deposits to secure Hypertruck ERX production slots. Holcim plans to utilize the Hyliion technology in its Texas and Oklahoma operations, where the Hypertruck ERX units will replace existing diesel-fueled trucks. Holcim placed the order after visiting Hyliion’s headquarters. "The Hypertruck ERX can be a transformative solution for an organization like Holcim that demonstrates such a strong commitment to green solutions," said Hyliion CEO Thomas Healy. The Hypertruck ERX is described as an electric powertrain that is recharged by an onboard natural gas generator for Class 8 commercial trucks. The powertrain is designed to provide lower operating costs, emissions reductions, and superior performance. Shares of HYLN moved up 1.35% in premarket trading.
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Hyliion Holdings lands order from Holcim US