Benzinga | Aug 27, 2021 09:01AM EDT

Allison Transmission Partners With ElDorado National For Hybrid EP System

* Allison Transmission Holdings Inc (NYSE:ALSN) has partnered with ElDorado National (ENC) to integrate the Allison H 40 EPTM electric hybrid propulsion system into the San Francisco Municipal Transportation Agency's (SFMTA) Municipal Railway (Muni) buses.

* The Hybrid EP system reduces diesel fuel consumption by 25% and CO2 emissions compared to a conventional diesel transit bus.

* SFMTA has given a contract to ElDorado for 30 electric hybrid E-Z Rider II model heavy-duty 30-foot transit buses, which will feature the Allison H 40 EP.

* ElDorado expects to deliver electric hybrid buses in Q2 of 2022.

* Price Action: ALSN shares closed lower by 0.27% at $37.48 on Thursday.