- US Hybrid will host a press conference on today's news at
the Advanced Clean Transportation (ACT) Expo in Long Beach, Calif., at 2:15 p.m. PT in Ideanomics booth #1648
- Today's announcement marks a new milestone for compressed
natural gas (CNG) vehicle conversion and integration, which will
enable industry-first vehicle-to-vehicle (V2V) charging.
- The new technology has gone through six years of research,
development, and rigorous testing. It delivers more power,
increased range, and a more efficient powertrain than
diesel-powered engines and other compressed natural gas (CNG)
alternatives.
LONG
BEACH, Calif., May 10, 2022
/PRNewswire/ -- US Hybrid, a wholly-owned subsidiary of Ideanomics
(NASDAQ: IDEX) and a leader in advanced battery, fuel cell, and
hybrid electric vehicles, today announced the launch of
near-zero-emission natural gas-powered parallel hybrid powertrain
technology to be used for drayage and long-haul trucks. The new
technology is currently on display at the ACT Expo in Long Beach, Calif., in Ideanomics' booth
#1648. In conjunction with today's announcement, US Hybrid will
host a press conference at ACT Expo at 2:15
p.m. PT.
Product Overview
After six years of research, development, and rigorous testing,
US Hybrid's new vehicle-agnostic technology will deliver more
power, increased range, and a more efficient powertrain than
diesel-powered engines or other CNG or renewable natural gas (RNG)
alternatives. The technological advantages include
- More Power: 640 hp combined power and 1770 lb-ft maximum
torque from the natural gas-powered engine. The electric motor
enables uphill acceleration with superior performance compared to
its diesel engine alternatives.
- Less Fuel: A smaller 8.9 liters Near-Zero NOx engine
will operate more efficiently, resulting in double fuel economy
than a standard 15-liter engine and reducing fueling costs.
- Better Range: Preliminary testing suggests this
fuel-efficient technology can deliver up to 1,000 miles of range
per fuel fill, doubling range, power, and torque for similar
CNG/RNG trucks.
- Increased Efficiency: The improvement in CNG engine
performance paralleled with the electric motor, with appropriate
controls, for transient load uptake results in lower NOx emissions
and lower fuel consumption
- Near-Zero-Emission: Our technology emits lower than 0.02
g/bhp-hr of nitrogen dioxide and will significantly improve the air
quality of neighborhoods near ports and warehouses.
- Zero-Emission Port and Harbor Transportation Operations:
Our technology delivers a lower HSE (Health, Safety, and
Environmental) impact on port operations and the surrounding
communities.
This industry-first, advanced technology will add
near-zero-emission road-side charging assistance to standard
long-haul fleet operators, offering versatility and convenience to
fleet customers.
"We have reached another milestone on our path to accelerate the
transition to commercial electrification," said Macy Neshati, Interim CEO of US Hybrid. "US
Hybrid spends years perfecting our technology before it is brought
to market. Our pathway to commercialization delivers a proven
solution backed by data. Fleet customers can feel confident in the
performance and reliability of US Hybrid's new powertrain.
Attendees at the ACT Expo will see firsthand, end-user benefits:
increased vehicle range, less fuel requirements, and the reduced
total cost of ownership."
"The ACT Expo is the largest clean fleet event in North America, and Ideanomics' operating
companies are showcasing what we bring to the table from
Solectrac's electric tractors to WAVE's inductive charging pads,"
said Robin Mackie, president of
mobility at Ideanomics. "US Hybrid is integral in our work to
accelerate the transition to electrification. The new
near-zero-emission powertrain paired with industry-first V2V
charging and support from Ideanomics' capital-as-a-service
offerings greatly simplify the path to electrification for fleet
owners."
US Hybrid is showcasing its new and existing technology in the
Ideanomics booth at ACT Expo today through May 12 in Long Beach,
Calif. Additional Ideanomics operating companies, including
WAVE and Solectrac, also have products on display in booth #1648.
Leadership from all companies is available for meetings by request
by emailing idea@skyya.com.
For more information and news on Ideanomics and its operating
companies and other investments, please visit
https://ideanomics.com.
About US Hybrid
US Hybrid specializes in designing and manufacturing
zero-emission electric powertrain components, including traction
motors, controllers, auxiliary drives, energy storage and fuel cell
engines for electric, hybrid, and fuel cell medium and heavy-duty
municipality vehicles, commercial trucks, buses, and specialty
vehicles throughout the world. To learn more about US Hybrid,
please visit https://ushybrid.com/.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple
mission: to accelerate the commercial adoption of electric
vehicles. By bringing together vehicles and charging technology
with design, implementation, and financial services, we provide the
completeness of solutions needed for the commercial world to commit
to an EV future. To keep up with Ideanomics, please follow the
company on social @ideanomicshq or
visit: https://ideanomics.com
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE US Hybrid