Hyzon Advances in Hydrogen Fuel Cell Tech, Sets Stage for 2024 Production of 200kW Fuel Cell Systems
Portfolio Pulse from Benzinga Newsdesk
Hyzon Motors Inc. (NASDAQ:HYZN) has made significant progress in 2023, deploying 19 hydrogen fuel cell electric vehicles (FCEVs) across three continents and advancing its 200kW fuel cell system technology. The company met its annual guidance by delivering vehicles to customers in the U.S., Europe, and Australia, including the first heavy-duty fuel cell electric truck in the U.S. Hyzon's single-stack 200kW fuel cell system, which is lighter and more cost-effective than combining two 100kW systems, has completed B-sample development. The company is now entering the C-sample development phase, with production expected to start in the second half of 2024.
January 09, 2024 | 12:33 pm
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Hyzon Motors Inc. has successfully deployed 19 FCEVs in 2023, meeting its annual guidance and marking its entry into the U.S. market. The company's advancement in fuel cell technology with a lighter and more cost-effective 200kW system positions it well for future growth, with production set for 2024.
The positive developments reported by Hyzon Motors, including meeting its vehicle deployment guidance and advancing its fuel cell technology, are likely to be viewed favorably by investors. The entry into the U.S. market and the potential cost advantages of its 200kW fuel cell system could lead to increased investor confidence and demand for HYZN shares in the short term.
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