The press conference in February 2024 on the fourth quarter results and the entire year 2023 and, above all, the outlook for the current fiscal year support my very optimistic assessment of this start-up. Of the 42 built Tre FCEVs, 35 were delivered in the fourth quarter. Seven are currently being...
Short sellers are working massively against the company at the stock exchange. There were shortly even nearly 200 million shares sold short (on Nov. 16 still 193 million). But now, a price change upwards seems very likely. The reason could lie in the comments made at the press conference on the...
The numbers for the third quarter and the outlook promise a very exciting future for Hyzon Motors and its 200‑kW FC modules for trucks. Series production will begin in the second half of 2024. The activities will be concentrated at one location in the USA. Hyzon with its subsidiary is withdrawing...
Since mid-May 2023, a factory fleet of 21 fuel cell-powered forklifts have been doing their jobs at Linde Material Handling (MH) in Aschaffenburg, Germany. Around 2.8 million euros went into the design and construction of an innovative on-site H2 infrastructure. The hydrogen production plant stood on 280 m2 (3010 ft2) of the manufacturing and assembly facility after a construction period of only eleven months. The decentralized hydrogen infrastructure on the factory grounds are to serve as a showcase for these technologies to interested customers, as the transport sector urgently needs to curb its CO2 emissions.
Bit by bit, Germany is beginning to expand its refueling network for hydrogen-powered commercial vehicles. The country’s existing 93 hydrogen stations, managed by H2 Mobility, are primarily designed for fuel cell automobiles and lack the capacity needed to fill up multiple trucks and buses. However...
Be it fuel cells or hydrogen engines, (almost) all major commercial vehicle manufacturers are putting their efforts into hydrogen propulsion. A fact that has so far largely gone unnoticed by the average person. While the public debate still rages around the use of hydrogen in the automobile industry...
The presentations of new hydrogen trucks are becoming more and more spectacular. After first Faun in Bremen and then Paul Nutzfahrzeuge in Vilshofen each introduced their new H2 trucks the June of 2022, Clean Logistics (CL) followed suit on June 23rd. Paul Nutzfahrzeuge, in a hybrid in-person/online...
The idea of carmakers running their own car sharing enterprises has been around for years. But an insurance company leasing hydrogen-powered trucks is something completely new. Indeed at first glance the plans put forward by hylane, a subsidiary of German insurer DEVK (historically an insurance fund for railroad employees), seem rather unconventional. During the course of the company’s press conference on April 11, 2022, however, the partners involved made it clear that unusual times occasionally call for unusual measures. The same applies to the H2 Delivery brand which began marketing its rental concept in December 2021.The company hylane GmbH was founded in 2021 by DEVK in order to drive forward the transition to more sustainable forms of transport. As a climate-friendly mobility provider, the subsidiary plans to only hire out vehicles that are green. The current focus is on hydrogen-propelled trucks with various fixtures and superstructures – with cargo vans and buses expected to be added at a later date.
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, Arizona is 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.
Things are happening on the analyst and investor front: BlackRock has raised its position in Hyzon Motors. Over 100 institutional investors are already involved. The largest of these is the Saudi Arabian state fund PIF, which holds over 8 million shares. Billionaire Izzy Englander named Hyzon as one...
Breathtaking racing championships often serve as a test bed for new technologies. But it’s not just Formula 1 or Formula E which are putting the latest engineering advances through their paces; off-road races are also getting a look-in.
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?
