Hyzon Motors And New Way Trucks To Develop Hydrogen Fuel Cell Refuse Truck
Portfolio Pulse from Benzinga Newsdesk
Hyzon Motors Inc. (HYZN) and New Way Trucks have entered into a Joint Development Agreement to develop a hydrogen fuel cell powered refuse truck for the North American market. This collaboration aims to leverage Hyzon's expertise in hydrogen fuel cell technology and New Way's position in the refuse vehicle sector to introduce zero-emission heavy-duty fuel cell electric vehicles (FCEVs).
February 06, 2024 | 12:37 pm
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Hyzon Motors Inc. (HYZN) has announced a partnership with New Way Trucks to develop a hydrogen fuel cell powered refuse truck, aiming to expand its presence in the North American zero-emission heavy-duty vehicle market.
The partnership with New Way Trucks represents a strategic move for Hyzon Motors to diversify its product offerings and penetrate the North American market with innovative zero-emission solutions. Given Hyzon's focus on hydrogen fuel cell technology, this development could significantly enhance its market position and investor perception, potentially leading to a positive short-term impact on its stock price.
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