Hyliion may drop Hypertruck ERX as strategic review begins

Published on 24 Oct 2023 on FreightWaves via Yahoo Finance

Hyliion may drop Hypertruck ERX as strategic review begins

Hyliion Holdings is pausing orders of the Hypertruck ERX as part of a strategic review of the company. (Photo: Hyliion Holdings)

Hyliion Holdings is pausing orders of its Hypertruck ERX heavy-duty natural gas-electric powertrain as part of a strategic review ordered by its board of directors concerned with how the startup can reach commercial scale.

“All options” are possible, CEO Thomas Healy said on a six-minute conference call Wednesday during which he took no questions. The contents of the call mostly mirrored a statement the company issued after markets closed Tuesday.

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Hyliion may drop Hypertruck ERX as strategic review begins

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