Global Transportation Leader DSV Places Hypertruck ERX™ Order

AUSTIN — Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that DSV has placed an initial order for 10 Hypertruck ERX™ units to be deployed in its North American road freight business.

With a focus on reducing its carbon footprint and offering lower-emission solutions to meet customer demand, DSV will implement the electrified powertrain technology across its Pan-American routes.

“A global leader not only in logistics but also sustainability initiatives, DSV’s investment in Hyliion technology shows that excellent customer service and ambitious carbon emissions reduction goals don’t have to be mutually exclusive,” said Thomas Healy, Founder and CEO of Hyliion.

“I’m thrilled that DSV will be incorporating Hypertruck ERX units into its North American operations, and I look forward to seeing the impact they will have in advancing the organization’s low-carbon initiatives,” Healy added.

“We view this initiative as the beginning of our long-term ambitions to reduce our emissions across our road freight business. The 10 units we have ordered through the early adopter’s program is a fantastic start but not the goal in and of themselves. They are a step in the right direction in terms of testing and seeking the optimal solutions for the planet, our customers, and our company. And in combination with our plan to begin adding alternative fuel vehicles to our short-haul fleet, this initiative marks the first step in helping us realize our 2030 goals,” said Robert Greene, President of DSV Road US.

Hyliion will begin delivery of the Hypertruck ERX units to DSV during the first quarter of 2024. Expecting a successful trial period, DSV has placed an option for 10 additional trucks to be delivered in 2024.