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1. Representing over 100,000 Class 8 commercial trucks internationally, the Council will work together closely with Hyliion to supply crucial user insights in the advancement of the Hypertruck, the business's electrical powertrain for Class 8 commercial trucks that will supply superior efficiency, emissions reductions, and lower operating expense. Thomas Healy, Founder and CEO of Hyliion, stated, "Our customers are at the core of our business. Their feedback and partnership are essential to the success of our Hybrid solution, which has actually already logged millions of real-world miles. That's why we have actually combined the Hypertruck Innovation Council, a group of business transport market leaders, who will be the first to test and evaluation presentation units of the Hypertruck ERX and whose feedback will be vital as we improve upon our innovation. The Council will also assist us guarantee that the unique and varied needs of today's fleets continue to be reflected in our products as Hyliion develops the next generation of industry-leading, ecologically mindful technology and powertrain solutions." Council members will be the very first to have access to and put real-world miles on the Hypertruck ERX demonstration systems, providing valuable fleet and chauffeur feedback. With an eye on enhancing sustainable practices in the commercial trucking market, the Council shares Hyliion's focus on minimizing carbon emissions without compromising performance. " With among the biggest devoted fleets in the U.S., Anheuser-Busch is committed to leading the industry towards zero-emissions industrial transportation by enhancing the sustainability of our own logistics operations," said Angie Massacre, Vice President of Sustainability and Logistics Procurement at Anheuser-Busch. "The most impactful technologies come from close partnership with knowledgeable and innovative minds, and we're delighted to participate in the Hyliion Hypertruck Development Council to support the development of a transport option that fulfills the complicated needs of today's fleets while working to develop a more sustainable future." Healy included, "Now more than ever, fleets require efficient and inexpensive technologies that likewise resolve more comprehensive sustainability objectives. Our cumulative strengths will help Hyliion unlock the capacity for electrification innovation while advancing our customers' operations and the market at-large." About the Hypertruck ERX The Hyliion Hypertruck ERX ™ is an electric powertrain charged by natural gas for Class 8 commercial trucks. The Hypertruck ERX plans to offer a long-haul, electrical powertrain service providing lower operating costs, emissions reductions, and exceptional performance to the global industrial trucking market. Utilizing the 700+ industrial natural gas automobile filling stations throughout North America, it enables long range and fast refueling, and when fueled with sustainable natural gas, can provide net-negative carbon emissions to industrial fleets. About Hyliion Hyliion Holdings Corp.'s (NYSE: HYLN) mission is to decrease the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading supplier of electrified powertrain services. Leveraging sophisticated software algorithms and data analytics abilities, Hyliion offers fleets an easy, efficient system to reduce fuel and operating costs while perfectly incorporating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells energized powertrain options that are designed to be installed on a lot of major Class 8 commercial trucks, with the objective of transforming the commercial transportation industry's environmental effect at scale. For additional information, go to www.hyliion.com. Forward Looking Statements The information in this press release includes "positive statements" within the significance of Area 27A of the Securities Act of 1933, as changed, and Section 21E of the Securities Exchange Act of 1934, as modified. All

2. statements, aside from declarations of present or historic fact included in this press release, concerning Hyliion and its future monetary and operational efficiency, as well as its strategy, future operations, estimated monetary position, approximated incomes, and losses, forecasted expenses, potential customers, strategies and goals of management are forward looking statements. When used in this press release, consisting of any oral declarations made in connection therewith, the words "could," "should," "will," "may," "believe," "expect," "intend," "quote," "anticipate," "job," the negative of such terms and other comparable expressions are planned to determine forward-looking statements, although not all forward-looking declarations contain such determining words. These forward-looking statements are based upon management's present expectations and presumptions about future events and are based upon currently readily available details as to the outcome and timing of future events. Except as otherwise needed by appropriate law, Hyliion expressly disclaims any duty to update any forward- looking statements, all of which are specifically certified by the declarations herein, to show occasions or circumstances after the date of this press release. Hyliion cautions you that these positive statements are subject to various dangers and unpredictabilities, most of which are tough to anticipate and many of which are beyond the control of Hyliion. These risks include, however are not limited to, Hyliion's capability to disrupt the powertrain market, Hyliion's focus in 2021 and beyond, the results of Hyliion's vibrant and proprietary options on its business truck consumers, accelerated commercialization of the Hypertruck ERX, the capability to meet 2021 and future product turning points, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties stated in "Risk Aspects" area of Hyliion's annual report on Type 10-K submitted with the Securities and Exchange Commission (the "SEC") on February 26, 2021 for the year ended December 31, 2020. Offered these threats and uncertainties, readers are warned not to position unnecessary reliance on such forward-looking declarations. Should several of the threats or uncertainties described in this news release occur, or ought to underlying presumptions show incorrect, real results and plans might different materially from those revealed in any positive statements. Additional information worrying these and other aspects that might impact Hyliion's operations and projections can be found in its filings with the SEC. Hyliion's SEC Filings are readily available openly on the SEC's website at www.sec.gov, and readers are advised to thoroughly evaluate and think about the different disclosures made in such filings. Fleet operators, shippers and others in the supply chain have a lot at stake and a lot to offer Hyliion as it relocates to advertise and scale clean trucking. By collaborating through the Hyliion Development Council, we can get dependable, efficient, zero-emissions electrified trucks on the road much sooner and rapidly start to decarbonize durable trucking," stated Tarek Sultan, CEO of Agility, a leading international Discover more logistics supplier that has actually pre-ordered 1,000 trucks fitted with Hyliion technology." " With one of the biggest devoted fleets in the U.S., Anheuser-Busch is committed to leading the industry towards zero-emission business transportation by improving the sustainability of our own logistics operations," said Angie Massacre, Vice President of Sustainability and Logistics Procurement at Anheuser-Busch. "The most impactful technologies come from close cooperation with knowledgeable and ingenious minds and we're delighted to participate in the Hyliion Hypertruck Development Council to support the advancement of a transport solution that satisfies the intricate requirements of today's fleets while working to develop a more sustainable future." " NFI is thrilled to partner with Hyliion in driving sustainability and electrification within the supply chain industry," said Costs Bliem, SVP, Fleet Provider at NFI. "Jointly, I believe we will be able to create meaningful change and advance what we are doing as a market to enhance our ecological effect." " As one of the first 100% alternative energy personal fleets in the country, GreenPath Logistics is committed to leading the market towards a zero-emission future. Our business objective is to look for and provide the most eco-friendly business transportation options to our customers," said Shan Zaidi, President, NGV Global and GreenPath Logistics. "GreenPath is excited to participate in the Hyliion Hypertruck Innovation Council and to support the development of sustainable transportation solutions that satisfy the complicated requirements of today's fleets." " As a worldwide leader in transport and logistics, Ryder has the distinct opportunity to help shape zero-emission

3. and near zero-emission vehicle technology with the objective of enhancing sustainable and economical transport services for our clients," says Ryan Salvail, Director of Advanced Automobile Innovation Sales for Ryder System, Inc. "Becoming part of Hyliion's inaugural and ingenious council is another opportunity for Ryder to discover and assist tweak innovative and emerging technologies, so we can continue to bring our customers best-in-breed services." " Achieving a net-carbon zero business transportation market relies heavily on close partnership with experienced and ingenious minds," stated Chad Dittberner, Senior Citizen Vice President of Van/Expedited for Werner Enterprises and Fleet Council member. "We're delighted to take part on the Hyliion Hypertruck Development Council to deliver on the requirements of fleets while working towards a more sustainable future." " As transportation market leaders, it is crucial to advance the discovery of services that drive the awareness for carbon reduction," stated Rob Reich, Schneider, executive vice president and chief administrative officer. "Sustainability is at the heart of our work at Schneider. The partnership within the Hyliion Hypertruck Innovation Council is interesting for us, due to the fact that the need for sustainable transport options grows daily."