"Batteries are a critical component of any hybrid vehicle. The acquisition provides us with control over the complete battery management supply chain from manufacturing and packaging to software development," said Thomas Healy, founder and CEO of Hyliion. "This is a huge strategic advantage for us."
Unlike other solutions on the market, the Hyliion 6x4HE is designed to capture wasted energy when traveling downhill and applies that power when traveling uphill to keep the engine in its most efficient operating range.
"The path to fully electrified long-haul fleets has many challenges. Long haul semi-trucks average 600 miles a day. Electric semi-trucks, including Tesla's, are restricted by 300 to 500 miles on a single charge," said Healy. "Unless we regrid the entire country to accommodate power consumption with grids as large as entire cities, a hybrid solution is the only answer that makes sense for long hauls."
Hyliion has strategically partnered with Toshiba. Hyliion packages the high caliber, high-class li-ion cells from Toshiba and adds cooling and battery management systems for a comprehensive solution. The company has also collaborated with auto industry giant Dana which offers proprietary cooling technology to improve the thermal management of the batteries.
The battery division team has also joined the company. Hyliion's new battery management solution will be sold to other companies to utilize in various other applications.
"We're thrilled to welcome our new battery team to Hyliion. The battery technology they created is stellar and gives us a clear strategic advantage. They're exceptionally talented, a great culture fit and already an invaluable asset to the company," concluded Healy.
