Hyzon Motors

Hyzon Motors, Inc. is a hydrogen mobility company. The firm is founded for the purpose of designing, developing and manufacturing both standalone and integrated hydrogen fuel cells and systems as well as purpose-designed hydrogen-powered commercial vehicles. The company is headquartered in Honeoye Falls, NY.

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Hyzon Motors reports revenue growth and competitive positioning challenges

Hyzon Motors showed strong performance with revenue growth and improved cash burn, focusing on commercialization and technology advancements.
The company faces challenges in revenue recognition delays, pricing competition, and market positioning against battery trucks.
Opportunities lie in securing new contracts, outcompeting battery trucks, and building trust through durability testing and reliability.

Hyzon Motors advances fuel cell technology, eyes commercialization in 2024

Hyzon Motors is making strides in technology and commercial progress, with a focus on fuel cell technology for trucks. While facing challenges in securing capital and operational transitions, the company sees opportunities in executing trials with large fleets and achieving commercialization goals in 2024.

Hyzon Motors excels in Q3 production and trials, faces cost challenges

Hyzon Motors demonstrated strong performance in production, trials, and customer engagement, with a focus on financial sustainability and operational efficiency.
While facing challenges such as an impairment charge and fuel-related discussions, the company remains well-positioned to capitalize on opportunities for growth and expansion.
Overall, Hyzon Motors' Q3 2024 Earnings Call highlighted a mix of achievements, challenges, and opportunities that underscore its progress and potential in the fuel cell electric vehicle market.

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Hyzon Motors, Inc. operates as a hydrogen mobility company. It engages in designing, developing, and manufacturing both standalone and integrated hydrogen fuel cells and systems as well as purpose-designed hydrogen-powered commercial vehicles. The company was founded in 2020 and is headquartered in Bolingbrook, IL.

ROCHESTER, N.Y. , May 26, 2022 /PRNewswire/ -- Hyzon Motors Inc. ("Hyzon") (NASDAQ: HYZN), a leading global supplier of zero-emission hydrogen fuel cell electric heavy vehicles, will host its Investor Day on Tuesday, June 7, 2022.

Hyzon Motors Inc. to host Investor Day on June 7, 2022

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Hyzon's Repower program to convert used diesel trucks and existing fleets to zero-emission, fuel cell electric vehicles. First commercial launch of Hyzon's proprietary 200 kW fuel cell through Repower program in North America expected in late 2022.

Hyzon Motors plans to accelerate decarbonization through Repower program

Hyzon Motors Inc. (NASDAQ:HYZN ) Q1 2022 Results Earnings Conference Call May 6, 2022 8:30 AM ET Company Participants Darla Rivera - Investor Relations Manager Craig Knight - Chief Executive Officer and Co-Founder Mark Gordon - Senior Adviser and Former Chief Financial officer Sam Chong - Chief Financial officer Conference Call Participants Michael Shlisky - D.A. Davidson & Co. William Peterson - J.P.

Hyzon Motors Inc. (HYZN) CEO Craig Knight on Q1 2022 Results - Earnings Call Transcript

Recent Business Highlights Achieved the significant milestone of producing our first domestic fuel cell stack and system, ahead of schedule, utilizing our proprietary in-house membrane electrode assembly ("MEA") production line Signed definitive agreement to increase ownership in Hyzon Motors Europe B.V. from 50.5% to 75% Entered into a vehicle supply agreement with Hylane for 5 additional Hyzon fuel cell trucks, bringing total Hylane agreements to 23 trucks Significant progress in UN Demonstration City, Foshan China; won a public procurement bid for up to $8 million to supply municipal trucks to Hanjie Urban Environmental Management Co., Ltd in addition to the previously announced 8 Hyzon trucks for trial under the Foshan Dump Truck Association MoU Recorded first sales of fuel cells to customers validating applications outside of vehicles, one of which went to ZeroAvia Appointed Samuel Chong Chief Financial Officer with Mark Gordon transitioned to a Senior Advisor role ROCHESTER, N.Y.

Hyzon Motors Inc. reports first quarter 2022 financial and operational results

ROCHESTER, N.Y. , April 28, 2022 /PRNewswire/ -- Hyzon Motors Inc. ("Hyzon") (NASDAQ: HYZN), a leading global supplier of zero-emission hydrogen fuel cell electric heavy vehicles, announced today that it will release its first quarter 2022, financial and operational results before the market opens on Friday, May 6, 2022.

Hyzon Motors Inc. Announces date of First Quarter 2022 Financial and Operational Results and Webcast and 2022 Annual Meeting of Stockholders

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ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial Officer, effective April 12, 2022.

Hyzon Motors Appoints Samuel Chong as Chief Financial Officer

ROCHESTER, N.Y. , April 11, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) today announced it will supply its fuel cell electric trucks to Hylane GmbH, a wholly owned subsidiary of DEVK Versicherung, one of Germany's largest motor insurers.

Hyzon Motors sells 18 trucks to Hylane GmbH, subsidiary of major German motor insurance provider DEVK Versicherung

Despite a recent rally, the hydrogen fuel cell company's share price is still down roughly 43% since going public.

Why Hyzon Motors Stock Climbed 14.5% in March

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The market reacted sharply to Hyzon's earnings, but there's more than meets the eye.

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Hyzon Motors Inc. (HYZN) CEO Craig Knight on Q4 2021 Results - Earnings Call Transcript

Hyzon Motors Inc (NASDAQ: HYZN)) reported fourth-quarter FY21 sales of $5.09 million, missing the consensus of $21.39 million. Loss from operations widened to $(38.7) million, and net loss attributable deepened to $(28.6) million.

Why Are Hyzon Motors Shares Trading Lower Today

Shares of Hyzon Motors Inc. HYZN, +0.69% slid 15% premarket Wednesday, after the supplier of hydrogen-powered commercial vehicles reported fourth-quarter earnings showing a wider-than-expected loss and revenue that fell far short of estimates. The Rochester, New York-based company posted a net loss of $28.6 million, or 12 cents a share, for the quarter, wider than the loss of $13.4 million, or 8 cents a share, posted in the year-earlier period.

Hyzon Motors shares slide 15% premarket after company's loss widens, and revenue falls short

Recent Business Highlights Increased backlog1,2 to $287M up 246% from our last update in July 2021 Membrane Electrode Assembly ("MEA") production line in Illinois being commissioned "Made in USA" heavy-duty truck fuel cell production on track for the second half of 2022 First North America trial with Total Transportation Services ("TTSI") kicked off at the Port of Long Beach Received an order to supply 18 Hyzon trucks in Europe, to a leading global logistics group as the anticipated end user Established Hyzon's Australian headquarters in partnership with Royal Automobile Club of Victoria ("RACV") to develop a purpose-built facility expected to generate over 100 localized engineering and manufacturing jobs by 2025 2021 Highlights Exceeded vehicle delivery guidance with 87 Hyzon fuel cell electric vehicles ("FCEVs") delivered; total contract value for these deliveries was $19.6 million3 Total headcount across global operations increased to approximately 200 employees Established U.S operations, laying the foundation for leading manufacturing capability of high-powered Proton-Exchange Membrane ("PEM") fuel cells, with full vertical integration on local MEA production Expanded our global footprint with facilities in four continents, providing access to markets and vital international talent and technological developments Advanced our vehicle deployment and hydrogen infrastructure strategy globally through investments in Raven SR and partnerships with Mpreis, Ark Energy, Superior Pak, Coregas, Geesinknorba, Woodside Energy, TC Energy, ITOCHU, ReCarbon, TotalEnergies and MiTAC Synnex Deployed Hyzon vehicles in four continents for internal validation, use in real-world demonstrations, trials, and commercial operations Reported a cash balance of $445.1 million as of December 31, 2021, which includes proceeds from the Business Combination with Decarbonization Plus Acquisition Corporation that was completed in July 2021 1Backlog is defined as orders and non-binding MoUs through 2025 and are subject to cancellation. Backlog as of 3/22/2022 consists of $224M non-binding MoUs and $63M firm orders; includes $92M MoU and $9M firm order with Shanghai HongYun and $115M MoU from Geesink 2MoUs in which number of units and commercial terms have not yet been agreed upon are excluded from our backlog 3Includes $13.6 million of contract value to be collected over 5 years ROCHESTER, N.Y.

Hyzon Motors Inc. reports full year and fourth quarter 2021 results, delivers fuel cell vehicles, playing a pivotal role in the transition to hydrogen

ROCHESTER, N.Y., Feb. 24, 2022 /PRNewswire/ -- Hyzon Motors Inc. ("Hyzon") (NASDAQ: HYZN), a leading global supplier of zero-emission hydrogen fuel cell electric heavy vehicles, today announced it will release its fourth quarter and full year ended December 31, 2021, financial and operational results before the market opens on Wednesday, March 23, 2022.

Hyzon Motors Inc. Announces Date for Fourth Quarter and Full Year 2021 Financial and Operational Results and Conference Call

WINSCHOTEN,  Netherlands, Feb. 23, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), a leading supplier of hydrogen-powered fuel cell electric vehicles, today announced the signing of a vehicle supply agreement between MaserFrakt, a major Swedish transport group, and Hyzon Motors Europe BV, Hyzon's joint venture with Holthausen Clean Technology Investment B.V. The collaboration marks a milestone in enabling emission-free long-haul transport in Sweden, as it is expected to bring the first hydrogen-powered heavy trucks in commercial operation to the country.

Hyzon to supply hydrogen trucks to Swedish logistics group, Maserfrakt

Hyzon Motors Inc (NASDAQ: HYZN) has chosen Melbourne as its Australia headquarters under a new partnership agreement with the RACV. Under the agreement, Hyzon Motors, in conjunction with the RACV at their Noble Park location, will develop a purpose-built facility including corporate offices, showroom, assembly warehousing, and workshop.

Hyzon Plans To Establish Australian Headquarters In Melbourne

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Wall Street doesn't like the SEC investigation, either.

Why Hyzon Motors Stock Is Down Again Today

Hyzon Motors Inc., the fuel cell truck manufacturer spun out of Singapore's Horizon Fuel Cell Technologies into a SPAC merger in the U.S., will report lower-than-expected revenue and profit margins for its first year despite slightly exceeding projected hydrogen-powered fuel cell truck deliveries. Rochester, New York-based Hyzon (NASDAQ: HYZN) was one of few companies producing fuel cell-powered trucks for sale in 2021.

Hyzon Motors tips to lower-than-expected fuel cell truck revenue

The company also warned on its 2021 results.

The SEC Investigation Wasn't Hyzon's Only Bad News Today

HYZN stock can't catch a break today. After a tumultuous year for the company, Hyzon disclosed an SEC subpoena into false customer reports.

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News for Hyzon Motors Stock (HYZN)