Hyliion hunkers down as EV startup stocks get hammered
Hybrid electric driveline developer has money, if not time, on its side
0 40 5 minutes read Hyliion Holdings Corp. has a lot to prove as its stock price dwindles along with many in the electric vehicle space. CEO Thomas Healy is staying the course. (Photo: Hyliion)
Its stock is trading in the single digits after giddy investors bid it above $50. Production is still a year away. But Hyliion Holdings CEO Thomas Healy sees reasons for optimism around the company’s natural gas-electric hybrid system for Class 8 trucks.
Hyliion (NYSE: HYLN) went public just months after Nikola Corp. (NASDAQ: NKLA), which became the first high-profile reverse merger of 2020. Retail investors bid up Nikola shares on potential over profits. Though it never reached Nikola’s $93.99 intraday price, Hyliion touched $58.66 a share.
Anheuser-Busch Inbev SA (NYSE:BUD), Cummins Inc (NYSE:CMI) - Hyliion Hunkers Down As EV Startup Stocks Get Hammered benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Hyliion gathers fleets to test natural gas-electric hybrid truck
Startup unbowed by stock collapse as it pursues negative net-zero carbon truck
0 5 2 minutes read Hyliion Holdings has formed a group of fleet, logistics and transportation companies to test its natural gas-electric hybrid Class 8 truck. (Photo: Hyliion Holdings)
The sell-off of electric vehicle startup stocks has been as brutal as their frothy days of only a few months ago.
Hyliion Holdings is one of the hardest-hit young companies. But it is pushing ahead with its plans for a natural gas-electric hybrid truck capable of emitting less than net-zero carbon. Its share price has fallen from nearly $55 just before it went public in October to close Wednesday at $10.86.
Penske Truck Rental Implements Avaamo s AI Virtual Assistant to Enhance Reservation Process
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READING, Pa., March 10, 2021 /PRNewswire/ Penske Truck Rental has selected Avaamo s voice-driven Intelligent Virtual Assistant (IVA) for its phone-based truck rental central reservations call center. The goal is to further enhance Penske s truck rental reservation process by phone and drive efficiencies in its call center operations.
The IVA relies on Avaamo s Conversational IVR technology to automate and streamline the truck rental reservation process, enabling Penske s customers to easily confirm, change, or inquire about existing reservations through proactive and personalized voice calls.
Penske Truck Rental Implements Avaamo s AI Virtual Assistant to Enhance Reservation Process apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.