All Updates

All Updates

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Earnings/results
Hyzon Motors Q2 update: Orders doubles plus a new partnership
Hydrogen Economy
Aug 10, 2021
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Hydrogen Economy

Hydrogen Economy

Aug 10, 2021

Hyzon Motors Q2 update: Orders doubles plus a new partnership

Earnings/results

  • Hyzon Motors, a developer of commercial hydrogen fuel cell vehicles (FCEVs), reported its Q2 2021 results today and revealed that the company expanded the purchase orders and MOUs from customers in Europe and Australia, doubling the value of orders to USD 83 million from USD 40 million during February–July. 

  • Today, the company also announced a partnership with the port trucking company Total Transportation Services for a month-long trial of its FCEV heavy duty trucks in California in Q4 2021, marking its first customer trial in the US.

  • During the quarter, Hyzon continued partnering with third-parties to develop hydrogen fueling infrastructure. In April, the company entered into a joint venture with Raven SR, a renewable fuels company to develop up to 100 production hubs, starting from Bay Area, California.

  • During 2021, the company aims to ship a total of around 85 vehicles, with first vehicle revenues forecasted in Q3 2021. Hyzon expects to begin production at its two facilities in Chicago, Illinois and Rochester, New York in Q4 2021 and Q2 2022 respectively, with plans to commence trials of its first US-assembled trucks in H2 2021.

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