Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission (NYSE: ALSN) has partnered with New Flyer Industries to launch the eGen Flex, a next-generation electric hybrid propulsion solution, starting early 2022. This system can operate in full electric mode for up to 10 miles, enhancing fuel economy by up to 25% compared to conventional diesel buses. The eGen Flex aims to reduce emissions, improve air quality, and lower operating costs by allowing electric operation of accessories, thereby decreasing fuel consumption. Allison has a strong track record, with over 9,000 electric hybrid systems delivered globally, saving more than 305 million gallons of fuel.

Allison Transmission (NYSE: ALSN) announced that Coca-Cola Beverage Company has purchased 70 Hyundai Mighty trucks equipped with its 1000 Series fully automatic transmission in August 2020. The trucks, now operational in Korea, have received excellent performance evaluations from drivers, providing increased comfort and reliability compared to manual options. Allison's 1000 xFE transmission enhances fuel efficiency and reduces maintenance costs, potentially lowering total ownership costs. In its first year, the Hyundai Mighty has captured 40% of the Korean light-duty truck market, with Coca-Cola planning further purchases.

Allison Transmission announced the integration of its 3414 Regional Haul Series™ (RHS) transmission into Daimler Trucks North America's Class 8 Freightliner Cascadia. This new transmission, paired with a DD13 Gen 5 engine, enhances fuel economy by up to 8% and offers 25% faster acceleration compared to automated manual transmissions. Production is set to begin in January 2022. The 3414 RHS is designed for lightness and durability, providing a five-year warranty and reducing downtime due to clutch replacements.

Allison Transmission (NYSE: ALSN) and Jing-Jin Electric (JJE) have entered into a strategic collaboration to enhance the development of electrified powertrain solutions for global commercial vehicles. This partnership aims to merge JJE's expertise in electric motors and Allison's experience in electric hybrid systems to create innovative propulsion solutions. The collaboration includes debt financing from Allison to support JJE's North American product development initiatives. Both companies seek to address the growing demand for efficient electrified propulsion in the commercial vehicle market.

Allison Transmission has signed an asset purchase agreement to acquire the off-highway transmission portfolio and component machining business of India-based AVTEC Ltd for approximately $27 million. This strategic acquisition aims to enhance Allison's market presence in both India and global markets by integrating AVTEC's capabilities into its Chennai manufacturing plant. The acquisition is expected to close by the end of 2021 but will not materially impact Allison's current fiscal year earnings, as stated by the company.

Allison Transmission (NYSE: ALSN) will host a virtual Technology Day on October 6, 2021, at 10:00 AM ET. The event will highlight the company's commitment to innovation and discuss strategies for its conventional and electrified vehicle propulsion solutions. Key topics include opportunities in the commercial EV sector, differentiated EV technology, and global market trends. Presentations will be led by various executives, followed by a live Q&A. For registration, visit here.

Allison Transmission (NYSE: ALSN) has expanded its Vehicle Environmental Test Center, now known as the Vehicle Electrification and Environmental Test Center (VE+ET). Located in Indianapolis, this facility is the only one of its kind in the Midwest, offering unique capabilities for vehicle electrification testing. The center supports the development of electric vehicle technologies and can simulate various environmental conditions. Recent enhancements include a focus on larger battery electric vehicle testing, up to 900 volts DC, and commercial fast charging capabilities at 150 kilowatts.

Allison Transmission (NYSE: ALSN) has partnered with Hino Trucks to develop e-Axles for Class 6, 7, and 8 Battery Electric Vehicle (BEV) trucks, formalized through a Joint Collaboration Agreement. This partnership builds on their existing relationship in conventional transmission solutions. The eGen Power 100S will be first integrated into Hino's trucks, enhancing their electric vehicle offerings. The eGen Power product line is designed for high reliability and efficiency, boosting Allison's presence in the commercial vehicle market.

Allison Transmission has unveiled its new eGen Power 100S and 130D e-Axles, enhancing its electric propulsion portfolio for medium and heavy-duty vehicles. The eGen Power 100S features a single motor generating 212 kilowatts continuously, while the 130D variant targets European and Asia Pacific markets with a 13-tonne axle rating. Both models aim to meet diverse market needs, integrating advanced technology like a two-speed gearbox and regenerative braking. These products promise maintenance-free operation, enhancing total cost of ownership.