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. It delivered 87 specialty trucks ranging in weight from 39,600 pounds to...
https://www.freightwaves.com/news/hyzon-motors-tips-to-lower-than-expected-fuel-cell-truck-revenue