Hyzon Motors delivers 29 hydrogen fuel cell heavy-duty electric trucks for a steel conglomerate in China

Hyzon Motors Inc. (NASDAQ: HYZN), a supplier of zero-emission, hydrogen fuel cell-powered commercial vehicles, announced the delivery of 29 fuel cell electric trucks to be used by a major steel conglomerate in China through Shanghai Hydrogen HongYun Automotive Co.

The 49-ton trucks, which were delivered in November, utilize a 170-kilowatt fuel cell stack and are expected to haul steel coils in the conglomerate’s fleet in coming months. HongYun plans to provide operation, leasing, and maintenance services for industrial and municipal customers in targeted locations in China, which is expected to be a massive market for fuel cell technologies in the coming years. Hongyun has further orders for 33 more trucks confirmed with Hyzon.

Each 49-ton heavy truck is expected to eliminate an estimated 140 tons of CO2 emission a year; over the course of the 7-year expected life span of the vehicles, the initial order of trucks is expected to eliminate an aggregate of over 30,000 tons of CO2 emissions.

Author: KS

Source: Hyzon Motors Inc.

Topic: Business News | Hydrogen News

Market: Hydrogen Stocks