CNBC: A new electric-truck stock is hitting the market

A new electric-truck stock is hitting the market

Founded in 2015, Hyliion makes hybrid as well as fully electric powertrain solutions for Class 8 commercial vehicles. The hybrid solution, which increases diesel engines’ range and efficiency, is already on the market. Penske and Ryder are customers. The company will also make the Hypertruck ERX, which has a fully electric drivetrain as well as a natural gas-powered onboard generator to charge the battery. The company says it will have some vehicles on the market by 2021, followed by volume shipments in 2022.