 As I'd love to welcome everybody back to the independent investor channel for my cross comparison between highly on a Nikola I've provided a long version to the same video I'm gonna give you the summary of that video in the next 10 minutes He can have some context if you do want to kick over and see the grander conversation on these two companies that are looking to Put a dent into the EV space. You're gonna want to check that out. I do it weekly on the channel Let's jump get right into it here that the staunch comparison between these two Really is quite easy to make Unfortunately the correlation between these two find themselves Coupled together in stock action where one will go down. It's guaranteed that the other will go down as well And when they do trade in correlation, they do move north. They tend to do so together I would suggest that you do your own due diligence on these two companies. They are the premier Players right now in the EV space Nikola is looking to exploit and explore the options that are provided by their cutting-edge technology Through hydrogen fuel cell as well as highly on looking to move toward more of an agnostic future And eventually to fuel cells. I think these folks are looking at the same things But their approach is drastically different and I want to draw a distinction between these two So let's get right into it cross comparison between highly on a Nikola It really just sets the table to understand highly on looking to augment An existing class 8 trucking space through the Introduction of just the powertrain alone to help augment with some proprietary technology in the in cab display And the maintenance is serving servicing software that they own They are looking to add to the existing fleet and look to add Value where it is are the most soft spots in the industry and make no mistake my friends. This is aimed directly at Reducing our reliance on the diesel fuel. Okay, right now 99% of the truck class 8 trucking space is using diesel fuel and fleets and customers alone Really do believe that the movement away from fossil fuels Is the way to go at least to provide some level of optionality going forward? Nikola, however, wants to actually replace They want to really take a stab at this industry and really look to introduce their solution Which is a bolts up from the ground up solution that they've actually brought forward Basically as their own OEM. They're looking to do this on their own. They are looking to Basically build what they feel is the solution of the future through hydrogen fuel cell And there's a lot of schools of thought that they believe that they're on to something here with regard to using the many benefits of H2 right now on the early stages of fuel availability and Fuel cost being a lot more than that of our diesel counterpart But that is expected to change over time with the emergence of hydrogen And the emergence of those fueling stations going forward. So Hylion's looking more at a collaboration Or an augmenting type of approach whereas Nikola is looking to start from the ground up and Provide those products directly to to actually replace those existing trucks within the fleet All right with regard to the fuel of choice I've already mentioned Nikola is looking to introduce its H2 product, which is hydrogen and hydrogen fuel cell Hylion as a counter to that is looking to be a little bit more fuel agnostic And they'll be introducing at the end of 2023 their renewable natural gas Hypertruck that is a semi that actually powers the on-board generator with renewable natural gas Their idea is that they do this on the onset where there's more availability of Renewables and compressed natural gas as opposed to the lack of availability From hydrogen but to understand these to differentiate them and really do kind of put them in their own Playing fields as they look to get involved in this EV space in the class 8 space with regard to maintenance Hylion has more of a Modular type of application where if necessary the battery System needs to be taken out the idea is that they can remove that unit all together ship it back to Hylion Hylion ships them a new unit gets pushed in and that's it a very little need for any type of high-end mechanics And they're looking for more of kind of a modular type of swap out application there Nikola is actually looking to replace the old idea of needing Mechanics to continually service the diesel industry, which is very very expensive. It adds a huge Cost to ownership to these trucks as the expected downtime is Anticipated over the life of that truck To really affect the bottom line and take away from that maximum on loading that it can do But to replace that with their own Suite of mechanics increase the education and the opportunity to service those hydrogen fuel cells as Opposed to our legacy mechanics that have been so diligent working on our ice engines for the last hundred years Fuel availability is huge here guys need to understand that Hylion is looking to leverage existing infrastructure Especially on the compressed natural gas side and the renewable natural gas side Infrastructure does exist now whereas Hylion is looking more toward the fuel being hydrogen now the availability of hydrogen right now is Rather lean so relying on the availability to unfold over time as well as Looking to drive down that cost of hydrogen. So the the fuel of choice right now Really does kind of fall into the discussion about the initiative that each of these companies are looking to pursue But Hylion more so on the renewables CNG with an eventual move into hydrogen and Nicola right now looking to move into hydrogen and looking to kind of be the the point on getting that infrastructure done And to drive down the cost the high cost of hydrogen right now a Big differentiator between these two Hylion is looking to maintain The current design of the trucks that the OEMs have enjoyed for many many decades These designs come in the form of the trucks that we know and love and we've seen on the roads our Kenmors our Peterbilts our international Volvo freight liner, etc. Those are some of the most common and Duly recognized out there in our fleets where as Nicola is looking to replace that design An aesthetic of the truck to meet more of their high-end technology What they have on board? Lighten up the chassis where they feel like they can lighten up on that chassis and And truck itself and actually provide a whole new concept to the industry So as an investor you need to ask yourself. What is the industry going to opt for? Are they going to really just do away with the what has been tried and true? It to go with a new or is going with the new a little bit more risky It's only a matter of time where we'll kind of have more of those answers as the story unfolds and we And we continue to monitor this progress going forward the Hylion with the range is actually comparable to that of diesel Nicola, there's a little bit of uncertainty that I have around the actual range of the hydrogen fuel cell There's just not a lot of resource out there on what type of range they're getting on over-the-rown transport I've heard five to six hundred miles, which is actually very encouraging for some of the medium to short-term Or or short distance type of hauling applications, which is why I have invested in the technology I think they're a front runner when it comes to hydrogen and the technology that they have rights over So I think they'll be a player in the space, but if we're talking about long haul trucking in the class 8 Hylion has more of a comparable advantage as far as their Range that they can get out of the unit whereas. It's a little bit more Understood that Nicola is a little bit more of a kind of a drage type of opportunity now and is looking to Really get that proof of concept and declare those specs over the long haul Fuel costs is another comparison from Hylion that It really kind of depends on what fuel of choice is being chosen for the route in question Whereas Nicola right now the hydrogen costs Are very expensive and it's due to the unavailability of the fuel And that it's new on the market and there is a demand over hydrogen To be used in some of these exploratory applications But it's yet to be seen whether or not those fuel costs can come down over time on the hydrogen side And then the fuel cost on the Hylion side It really kind of just depends on The route that they choose if they're able to leverage some of the credits from the government or some of the state mandates That are out there to be enjoyed on the renewable natural gas And compress natural gas side of the house or whether or not they have the ability to use their Carnot generator to to perhaps maybe burn hydrogen or conventional fuels or even not even the hyper truck at all to maybe look at their Hybrid EX product and just burn conditional diesel and add a supplement there in the cost savings And or the hybrid product in the CNG application when they're looking to supplement The actual horsepower necessary maybe in hilly terrain. They're looking to put that into the application there With regard to the environment I think all schools of thought would agree that Conceptually hydrogen is much better for the environment The question that is being mulled around when comparing these two companies right now is how efficient is hydrogen Is it really going to have that staying power that so many people are thinking that it will to have the maximum environmental benefits and And put this into the rigor of over-the-road transit to get the durability and payback over time I think only time will tell on that I have my own verdict, but when we're looking to draw a cross connection between these two and a distinction between the two It really helps to understand that the environmental aspect is a big one And where I would suggest that compressed natural gas to make it requires fracking Etc is not quite as good for the environment Is that really the goal is that the goal of the trucking fleets to just you know Accept all of the vulnerabilities with let's say a hydrogen application high cost of fuel lack of infrastructure Out there and availability of said fuel for the sheer sake of what? Conceptually is being deemed kind of the winner of choice Going forward because it does have such a phenomenal economic benefit and can drive that carbon score all the way to zero Which is fantastic? So really one of those factors and attributes that we need to monitor going forward as we as we allow this Story to unfold over time and then finally I will draw this distinction highly on has a lean business model They're looking to augment an already existing Industry that it has existed for a long long time. Nicola is starting from the ground up. They own everything They own the proprietary rights over their product Right down to the bolts in the chassis That they own they own everything that goes into the truck and they have really creative control over everything that happens in-house at the Nicola factory whereas highly on is really reliant upon those existing Relationships with those OEMs that have been pushing trucks off the line for the last few decades and hoping to augment their existing product with those existing trucks to help stop gap and provide the solutions to To the workforce that are really hungry and to get a hold of these solutions and start on their proof of concept as This EV story which is in the early innings evolves over time And it's going to be incumbent upon us as investors to remain Dilligent on the story as an unfolds and I will continue to share what I feel like is the most prudent Information out there on the landscape as we monitor these two companies going forward guys If you enjoy the information, I would encourage you to subscribe to the channel Leave your comments at the bottom of the video share the message with those folks out there that you think would enjoy my content guys Thank you so much for tuning in to the message and good luck in your investment future