Hyzon Motors faces Nasdaq delisting issues

The newcomer was forced to face a similar issue last May, with shared that managed to climb during the summer. Price fell down once again in December. Back in January, Hyzon Motors announced the company managed to deploy 19 fuel cell powered trucks during the previous year.

By segreteria

U.S.-based hydrogen truck specialist Hyzon Motors is facing Nasdaq delisting issues due to low share price, with the company’s stock being lower than a dollar for over one month in a row. That’s how specialized website Hydrogen Insight talked about the topic.

It’s not the first time for Hyzon Motors

Indeed, the newcomer was forced to face a similar issue last May, with shared that managed to climb during the summer. Price fell down once again in December. Back in January, Hyzon Motors announced the company managed to deploy 19 fuel cell powered trucks during the previous year.

At the same time, the U.S. company is preparing to join the commercialization of hydrogen-powered vehicles to the manufacturing of fuel cell stacks, whose production is foreseen by the end of the current year.

Highlights

Related articles

Aumovio completes sale of Mechelen plant to Dumarey Group

Aumovio has completed the sale of its manufacturing site in Mechelen, Belgium, to Dumarey Group, finalising the transaction announced last April. The plant and around 300 employees are being transferred to Dumarey, while existing customer relationships remain with Aumovio.
News