FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-38823 Hyliion Holdings Corp. (Exact name of registrant as specified in its charter) | Delaware | 83-2538002 | | --- | -- ...

财务数据和关键指标变化 - 第四季度研发支出450万美元，环比增加160万美元，同比增加190万美元 [33] - 第四季度一般及行政支出590万美元，环比增加370万美元，同比增加510万美元 [34] - 第四季度非运营支出1020万美元，高于第三季度的410万美元，净亏损2050万美元，而第三季度净亏损910万美元，去年同期净亏损410万美元 [35] - 全年研发费用1260万美元，一般及行政费用960万美元，非运营支出1700万美元，2020年净运营亏损3920万美元 [37][38][39] - 10月1日完成与Tortoise的业务合并，获得约5.2亿美元净收益，1月初公开认股权证赎回额外筹集1410万美元，截至2020年底持有现金及现金等价物3.9亿美元 [40] 各条业务线数据和关键指标变化 混合动力系统业务 - 2020年实现安装20个混合动力单元目标，其中第四季度安装7个 [9] - 目前处于向行业领先车队部署低产量当前一代产品阶段，计划推出下一代混合动力解决方案，包括改进包装、采用下一代电池模块、改进软件和数据分析等，但商业化进程有延迟，预计今年可部署产品 [15][16] 超级卡车ERX业务 - 团队在该产品商业化方面进展顺利，收到大量客户支持和兴趣，今年晚些时候将部署初始客户演示单元，已选定初始发布合作伙伴，2022年将开始向车队大规模交付 [17][18] 各个市场数据和关键指标变化 - 北美已有700多个RNG和CNG加气站，且有大量天然气管道，而氢气基础设施几乎从零开始，目前没有卡车用氢气加气站，管道和运输也未建立，清洁氢气产量也不多 [21][22] - 当地配送和最后一英里运输市场将率先采用纯电动卡车，随后过渡到区域运输市场，但长距离运输中，电池重量、成本和尺寸不适合，电动增程式车辆如ERX或燃料电池卡车将更适用 [24] 公司战略和发展方向和行业竞争 - 混合动力系统长期期望在OEM或改装中心安装，与重要合作伙伴建立关系以推进商业化战略，专注让车队体验产品，与早期采用者合作并转化为大客户 [8][9] - 下一代电池模块初期用于内部产品，未来探索其他市场应用，特别是充电时间短的场景，如场地牵引车 [11][12] - 超级卡车ERX将基于彼得比尔特底盘制造，已下初始订单，用于测试、验证和客户演示 [19] - 随着市场和基础设施发展，公司可将超级卡车ERX的天然气发电机替换为氢燃料电池，参与氢燃料市场竞争，还计划开发燃料通用发电机，长期看好氢燃料电池解决方案 [25][26][27] 管理层对经营环境和未来前景的评论 - 2020年是变革性一年，公司向关键客户交付初始产品，推进商业化战略，扩大组织规模，2021年有资源、团队和战略推进商业化目标，特别是预计今年晚些时候推出超级卡车ERX [29] - 虽然未提供正式财务指引，但2021年SG&A估计约1.4亿美元基本不变，随着商业化战略细化，将更新费用估计和关键商业化里程碑进展 [41] 其他重要信息 - 本季度公司新增多名高管，包括副总裁兼总法律顾问及首席合规官Jose Oxholm、销售和供应链高级副总裁Bobby Cherian、营销高级副总裁Matt Loos和首席财务官Sherri Baker [14] 总结问答环节所有的提问和回答 问题1: 新电池组对车队运营商的总拥有成本（TCO）有何影响，以及中期商业化和销售数字是否考虑了该电池的预期效益 - 新电池模块是现有电池模块设计的持续演进，不影响车队的TCO回报数字，主要影响产品性能，可延长使用寿命和提高性能，目标是在某些情况下电池寿命超过车辆寿命 [46] - 该模块可拓展到其他市场，初期专注集成到自身产品，后续探索其他市场机会，此前业务计划未假设将电池销售到其他市场，此次是首次宣布拓展市场机会 [47][49] 问题2: 新电池适用的市场有哪些 - 初始市场机会主要在商用车领域，该领域注重资产利用率，快速充电的电池技术可让车辆每天运行更多小时，解决传统电池充电时间长导致的车辆闲置问题，为车队带来更多机会 [50][51] 问题3: 超级卡车ERX从客户拿到产品到进行批量采购需要多长时间 - 过去一个季度已选定合作车队，近期将公布相关信息，这些车队不仅规模合适，还有可持续发展和向电气化转型的目标 [54][55] - 今年年底开始进行初始演示交付，车队试用3 - 6个月，期间收集反馈，之后开始交付更多车辆 [55][56] 问题4: 混合动力产品商业化延迟的原因，以及新一代产品推出后能否实现营收及时间线 - 延迟原因是完善和制定更强大的测试和验证计划，引入顾问参考行业最佳实践和协议，确保产品适应恶劣路况，并非技术风险或产品重大变更 [58][59] - 推出下一代混合动力系统时将开始确认营收，目前向客户交付产品是为建立客户基础，获得重复订单，后续将扩大规模 [60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 HYLIION HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | | (State or Ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 TORTOISE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-2538002 (State or Other Jurisdiction of Inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38823 Tortoise Acquisition Corp. (Exact Name of Registrant as Specified in its Charter) | Delaware | 83-2538002 | | --- | --- | | (State or Othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 TORTOISE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | | (State o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 TORTOISE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | | (State or Oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 TORTOISE ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-2538002 (State or Other Jurisdiction of In ...