Dana strategically partners with US electric truck innovator
US company, Hyliion, has emerged as an early leader in the race to viable Class 8 electric truck technology and has partnered with drivetrain specialist, Dana Incorporated.
Dana is taking an equity position as a lead investor in the company. As part of that agreement, Mark Wallace, President of Dana Commercial Vehicle Driveline Technologies, will become a member of Hyliion’s Board of Directors. Under the agreement, Dana becomes Hyliion’s source for traditional driveline components, as well as fully integrated e-axles – which include motors, inverters, controls, gearboxes and thermal-management technologies.
Dana said the investment in Hyliion is another step in a series of strategic transactions the company is making to position itself as the leader in e-propulsion.
Hyliion, founded in 2015, develops intelligent, electric-hybrid architectures for Class 8 vehicles that can be installed on new trucks or retrofitted on existing trucks, essentially turning a traditional 6×2 truck into a 6×4 hybrid. The Hyliion 6X4HE features the company’s proprietary machine learning algorithms and battery technology to optimise fuel savings and vehicle performance for reduced emissions.
“Dana’s investment in Hyliion continues to expand our growth and leadership in electrification across all vehicle segments and partners us with a front-runner in the hybridisation of Class 8 vehicles for fleets ready to adopt electrified vehicles today,” said Wallace. “Together with Hyliion, we have a unique opportunity to develop long-haul solutions that revolutionize power conveyance and support fleets in meeting their efficiency goals, while simultaneously advancing decarbonisation efforts.”
Additionally, per the new agreement, Dana’s established field service specialists will work together with Hyliion’s team to jointly call on fleets throughout North America.