Feb 16, 2021
[3 min Read]
Thanks to our friends at investorplace we have got all the info you need. So here is a summary of their best bits on their article about Hyliion (HYLN), the company that wants to break through the Class 8 Truck industry with their disruptive technologies.
So HYLN had a pretty dramatic start to its life on Wall Street as a SPAC under Tortoise Acquisition. It went from $15 to $50 in just 4 months and has since come crashing back down since the marketing team has been quiet while they have been creating what might be the ticket to the moon. However, the recent news is only the beginning of its climb back to $50 and and potentially even $200+ in the next few years. (That's right a 15x is probably on the lower side from here).
Hyliion just announced a next-generation battery module, which broadly implies that its RNG technology is making progress. Further, it implies Hyliion's electric powertrains have significant advantages over legacy EV powertrains.
So Hyliion is a RNG/Electric hybrid. I'll make this quick. On the upcoming Hypertruck ERX, the on board battery is recharged by the usage of RNG as a fuel source. RNG has many benefits and many reasons why it's better than all current available electric and/or diesel vehicles. Check em out:
Thus, by being a clean energy source with best range, the lowest costs and an already established infrastructure, RNG is the only immediately usable technology to decarbonize trucking fleets. That's why Deloitte projects that, by 2026, about 80% of all alternative drive systems in heavy duty trucks will be based on natural gas
The new battery that from HYLN ”this improved battery module is capable of up to 5X as much cycle life as a conventional EV battery, can be recharged in under 8 minutes, and allows for more than a 40% improvement in cooling compared to previous systems (which allows for higher charge and longer sustained power output). It's a powerful solution that could be the key to waking up investor interest in Hyliion stock.”
Okay now for the share price forecast: