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Stock impact report

Hyzon Motors to supply up to 500 hydrogen fuel cell electric vehicles to Shanghai logistics company

Hyzon Motors Inc. - Class A (HYZN) 
Company Research Source: PR Newswire
ROCHESTER, N.Y., Sept. 9, 2021 /PRNewswire/ -- Hyzon Motors Inc (NASDAQ: HYZN) today announced the signing of a memorandum of understanding (MoU) with Shanghai Hydrogen HongYun Automotive Co., ltd for the purchase of 500 hydrogen-powered electric trucks.Hyzon, a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, expects, subject to execution of a definitive vehicle supply agreement, to provide 49-ton hydrogen-powered tractor trucks to HongYun. Under the non-binding MoU, the initial order of 100 vehicles is expected before the end of 2021 while the other 400 vehicles will be ordered in 2022.HongYun Automobile focuses on providing logistics solutions primarily through hydrogen-powered fuel cell electric vehicles. The company provides operation, leasing and maintenance service for customers across the country, including one of the world's largest steelmakers. After Hyzon delivers the vehicles, HongYun will be responsible for the subsequent commercial Show less Read more
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