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Hyzon Motors - Stock, IPO & History


onlyamiga
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Company: Hyzon Motors
Foundation: Jan/2020
Head office: New York / USA
Shares available for purchase: No
IPO planned: unknown

Called in context: Horizon Fuel Cell Energies, Total SE, Hiringa Energy, WarpForge
Products: Fuel cell buses, fuel cell trucks, fuel cell pickup, fuel cells micro-cars

History:
With major announcements, the company Hyzon Motors Inc. entered the stage in early 2020. The company promised nothing less than a reorganization of the automotive sector, through all segments, from small cars to trucks. As a drive, Hyzon wants to use the fuel cell in combination with hydrogen as fuel. Hyzon from Singapore receives the fuel cells for its vehicles from Horizon Fuel Cell Technologies, which has been active in the fuel cell sector since 2003. A sign of close cooperation (or that Hyzon is a spin-off) is that Hyzon's CEO is the founder of Horizon and also sits on Horizon's board of directors. The buses and trucks to be launched in 2020 will be produced in Rochester, New York.

Younger history:
- Hyzon Motos intends to deliver its first hydrogen trucks in November of this year - of course with a fuel cell from Horizon

- Hyzon Motors is coming to Europe. In Groningen in the Netherlands, fuel cell trucks are to be produced

- A "superbus" operated with hydrogen is to be the result of a cooperation between WarpForge and Hyzon. Warpforge provides its super light composite material for the body, Hyzon supplies the fuel cell

- Oil giant Total invests $15 million in hydrogen startup Hyzon Motors. After Shell, Total is now the second oil company to increasingly contribute to the hydrogen issue.

Sources:
https://www.hyzonmotors.com/
https://omnibus.news/hyzon-mit-fc-bus
https://www.ingenieur.de/technik/fachbereiche/verkehr/start-up-hyzon-kuendigt-erste-brennstoffzellen-nutzfahrzeuge-in-serie-an/
https://www.elektroauto-news.net/2020/hyzon-motors-140-tonnen-brennstoffzellen-lkw-340-kw
https://www.linkedin.com/in/george-gu-1325853a
https://cleantechnica.com/2020/05/18/hyzon-motors-to-begin-production-of-heavy-duty-fuel-cell-trucks-buses-this-year/
https://ravensr.com/news/
https://www.electrive.net/2020/07/13/hyzon-motors-eroeffnet-europa-zentrale-in-groningen/
https://www.h2-view.com/story/hydrogen-superbus-to-be-developed-by-hyzon-motors-and-warpforge/
https://www.wasserstoffh2.de/2020/10/10/international/oel-gigant-total-investiert-in-wasserstoff-startup-hyzon-motors/

 

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onlyamiga
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950 Hyzon "Superbus" models with hydrogen & fuel cell for Australia

HYZON aims to bring vehicles for mass use on the road - trucks and buses - to support the downstream use of hydrogen production on a large scale. In the near future the company wants to put its first "Superbus" on the road in Australia. 949 more fuel cell buses could follow. For not only HYZON expects its bus with fuel cell technology to achieve longer distances, lower production costs, improved safety features and emission-free driving, but also its client ATG. Their aim is to decarbonise the 950 bus fleet throughout Australia and to use the Superbus on the bus routes operated by ATG.

HYZON's Superbus is being built in cooperation with Warpforge, which became known in October 2020. The hydrogen bus will be manufactured at Warpforge's facilities in Perth, Western Australia, with work scheduled to begin in 2021. Under this new partnership with ATG, the companies will work together to introduce the vehicle on a bus line operated by ATG in Western Australia (Hyzon States).

The heart of the fuel cell bus is HYZON's proven PEM fuel cell design. Which, by their own account, are already being used internationally in hundreds of commercial vehicles and offer industry-leading efficiency, resulting in lower hydrogen consumption in operation and thus lower operating costs.

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onlyamiga
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Hyzon cooperates with Holthausen

At the beginning of 2020, it was said that the former General Motors fuel cell plant in Rochester would be back in operation this year - but this time under the Hyzon brand, with systems for buses and trucks. The 100 kW PEM fuel cell system (VL III-100 with 372 individual cells) required for this purpose is coming from Singapore from Horizon, Hyzon's main shareholder. FC buses and trucks would be produced first, with the first H2 trucks ready for delivery before the end of the year, followed by vans and minibuses (up to 15 passengers) during 2021. A pickup truck with all-wheel drive could follow from 2022/23, it added. A regular passenger car (4-seater) for the car-sharing sector could also come - all with a range of around 600 km.

Pre-orders can already be made with a 10,000 euro discount, according to the company, but there is no retail price, only the announcement that an all-inclusive leasing solution will be offered. Hyzon expects to produce 2,000 trucks in the first three years. By 2025, the U.S. company wants to initiate a mass market.

This was followed in July 2020 by the news that the New York-based company intends to locate its European base in Groningen. For this purpose, a subsidiary, Hyzon Motors Europe B.V., has been founded together with Holthausen Clean Technology. This company will then convert the trucks, which are expected to be base vehicles from DAF (XF Space Cab tractor unit).

The Dutch company Holthausen Clean Technology had already caused a stir two years ago when the small company converted a Tesla to fuel cell operation and presented it as H2esla (see HZwei issue Apr. 2018). In September 2019, Max Holthausen drove this H2esla, among other things, in the Hydrogen Rally on the occasion of the f-cell (see HZwei issue Jan. 2020). Hyzon now invested in this company.

Hyzon's appearance is self-confident. Superlatives ("best-in-class") and promises (extremely competitive) are not spared. For example, a Hyzon press release stated, "Hyzon's aggressive commercialization plans will spur growing investment in hydrogen infrastructure in the U.S., Australia, the EU and other countries."

"As a European pioneer in the fuel cell truck field, we have been supplying fuel cell trucks for years, and we are honored to now join forces with Hyzon to bring the most advanced technology to European customers."

Max and Carl Holthausen, Managing Directors Holthausen:
"We have seen incredible growth in Asia over the past few years at Horizon, and now with the experience of hundreds of trucks in commercial service, we want to bring our technology to the world's roads. Our fuel cell systems are already proven, and we see an opportunity to help the world decarbonize transportation much faster than people currently think possible."

Craig Knight, CEO of Horizon Fuel Cell Technologies:
"We've developed fuel cells that have a significant lifetime cost advantage, and coupled with the imminent availability of very competitive green (renewable or sustainable) hydrogen at scale in a number of countries, we're rapidly approaching a total cost of ownership lower than diesel-powered fleets."

Original Article:
https://www.hzwei.info/blog/2020/12/02/hyzon-kooperiert-mit-holthausen/

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