Hyliion explores strategic options for powertrain business, pauses new orders

Hyliion Holdings Corp.

Engaged expert advisors to evaluate strategic alternatives for its electric powertrain business; no set deadline for completion.
Cites slower-than-expected fleet adoption of electric trucks and need for additional capital if current path continues.
Pausing new Hypertruck ERX orders and powertrain development; will continue KARNO generator commercialization and complete initial production trucks.
Received CARB certification and began extended fleet trials; conference call scheduled for Oct 11, 2023 at 11 AM ET.

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