Hyster-Yale
posted on
Dec 07, 2017 06:55PM
(Edit this message through the "fast facts" section)
In the Q2 conference call Sankar stated "Our products are getting launched into number of their vehicles. And of course, these are new lithium ion batteries going in places where it's new for the OEM". In Hyster-Yale's recent Q3 financials they state "The company is also working with a customer to test a 52-ton Big Truck powered by a lithium-ion battery. In EMEA the company launched a new class 3 electric stacker, warehouse truck with a platform for the driver in the 2017 third quarter, and, in early 2018, expects to introduce new class 3 warehouse products in the Americas and new class 1 electric counterbalanced trucks in EMEA. In addition to the lithium-ion Big Truck, the company is testing an 8-9 ton high-performace, lithium-ion counterbalanced truck in EMEA". So it looks like they are introducing multiple new lithium-ion products in late 2017 and early 2018. These are more than likely the products Sankar spoke about and should result in a large increase in revenue. http://ir.hyster-yale.com/news-room/news-room/news-releases/press-release-details/2017/Hyster-Yale-Materials-Handling-Inc-Announces-Third-Quarter-2017-Results/default.aspx Also more good news from China for Hyster-Yale http://ir.hyster-yale.com/news-room/news-room/news-releases/press-release-details/2017/Hyster-Yale-Materials-Handling-Inc-Announces-Agreement-To-Acquire-A-Controlling-Interest-In-Zhejiang-Maximal-Forklift-Company-Limited/default.aspx