The expansion of the company is proceeding according to plan. Prototypes will be delivered so that customers can familiarize themselves with the vehicles (battery-electric and hydrogen-powered). The first successes can be reported: ten MCTs (Mobile Charging Trailers) have already been delivered (1.9 million USD in sales), which can fully charge battery-electric trucks in a hundred minutes. (more…)
Nikola Motors needs to be understood/categorized as a start-up in the process of implementing its business plan. The construction of its factory in Coolidge, Arizonais underway, and the first battery–electric trucks (BEV trucks) are already with customers. This year should see 300 to 500 of these, along with sufficient capacity for 2,400, which should reach 20,000 by 2023. In Ulm, Baden-Württemberg, the number of units produced by partner Iveco is to increase from 2,000 to 10,000.(more…)
Hyzon Motors, a manufacturer of hydrogen-powered commercial vehicles founded in Singapore (IPO via special-purpose acquisition company, SPAC, in New York), saw its the share price crash after a hedge fund named Blue Orca (a short seller?) leveled various accusations, including that an order for 20 Hyzon trucks did not come from the named customer, Hiringa Energy, but from someone completely different. Moreover, it also prompted questions about an agreement (memorandum of understanding) concerning 400 trucks for a Chinese customer. Law firms simultaneously added a string of class action lawsuits whose aim and purpose is unclear to me, though. Did someone want to initiate a lower IPO price or make stock prices tumble by short selling? (more…)
The daily price fluctuations of the shares in the hydrogen and fuel cell sector discussed here – primarily those from the USA and Canada – give an indication that very different interests determine events here: Thus, on many days in July 2021, there was a concurrence of price declines with almost identical percentage losses in the prices of all these shares with manageable trading volumes at the same time. In other words: The buy side held back and the forces betting on falling prices had the upper hand. However, no selling pressure could be detected, which is reflected in the amount of shares traded. (more…)
With US$ 5 billion in the bank, Plug can position itself perfectly in the hydrogen and fuel cell theme complex. This includes its own H2 production as well as the development of alliances, such as the most recent one with Renault. And it is advisable – in my opinion – to reduce the one-sided focus on the market for forklift trucks (material handling), since the major manufacturers such as Toyota and Kion are pursuing their own hydrogen strategy in the future and the devices of future generations will already have a fuel cell system included, so that the conversion or expansion of a battery is not necessary. (more…)
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