Hyliion Holdings Corp. plans to exit the Class 8 electric powertrain business, the company said in a statement Nov. 8, less than a month after beginning a strategic review of its options for the unit.
Instead, the Austin, Texas-based original equipment manufacturer will focus its attention on the less costly commercialization of its fuel-agnostic Karno stationary generator.
Hyliion plans to retain its powertrain technology, which received California Air Resources Board certification in September. At least one analyst thought Hyliion might sell the technology when the strategic review was announced.
