The Answer to the Electric-Car Conundrum Isn’t Elon Musk
John Stoll of the Wall Street Journal wrote an article on the importance of bulk buyers for the EV space. He chatted with an EV startup CEO:
Thomas Healy, the CEO of electric- and hybrid-truck startup Hyliion Inc., told me last week the company's outlook brightened when it received an order for up to 1,000 electric 18-wheelers from Agility Global Integrated Logistics. The Kuwait-based Agility ships goods for big producers.
The order, announced in June, corresponded with Hyliion's announcement it is pursuing a listing on the New York Stock Exchange this autumn. The company already has sold trucks and services, but the Agility deal bolsters the business case.
"Having that customer order is the light at the end of the tunnel that says 'Yes, people want this, this is the right product,'" Mr. Healy said. "But then, it puts an extra layer of pressure on us. We've got to go execute."
As for the listing, it's less than two weeks away.
Submitted September 18, 2020 at 08:51PM by Torlek1 https://ift.tt/3iJtFe9
