Hyzon Motors Inc.
hyzonmotors.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 14, 2024. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.
10-Q for Q3 FY2024, filed Nov 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells hydrogen fuel cell systems and assembles or converts heavy-duty commercial vehicles into hydrogen fuel-cell vehicles for private and government fleet owners.
10-K for FY2023, filed Mar 22, 2024We are headquartered in Bolingbrook, Illinois, with operations in the United States, the Netherlands, Australia, and China. Hyzon is a…View ↗
Our commercial vehicle business is focused primarily on assembling and converting FCEVs. Our strategy takes a focused approach by designing…View ↗
We have a regionally focused sales and marketing strategy that is centrally coordinated and delivered at the regional level, with business…View ↗
How Did They Make Money?
Hyzon sells fuel cell systems, vehicles, parts and product support; customers pay for vehicles when ownership transfers. Upfit work earns revenue as it progresses, while certain arrangements are paid shortly after delivery and their lease revenue is earned over the lease term.
10-K for FY2023, filed Mar 22, 2024The Company enters into sales contracts with customers for the sale of the Company’s products and services including fuel cell systems…View ↗
The Company also enters into contracts with customers to upfit internal combustion engine vehicles to FCEVs. In general, the customer…View ↗
During 2023 the Company entered into contracts with a customer to upfit internal combustion engine vehicles to FCEVs. The Company offered…View ↗
In certain contracts with customers to provide upfit services including installation of the fuel cell powertrain, the Company may offer…View ↗
$295K
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10-K for FY2023, filed Mar 22, 2024
$295K ↗
Who Were Their Customers?
Targets private and government heavy-vehicle fleets, such as logistics, distribution, waste-management and municipal operators. It plans direct sales, with some through vehicle dealerships, local partners or other channels.
10-K for FY2023, filed Mar 22, 2024We have a regionally focused sales and marketing strategy that is centrally coordinated and delivered at the regional level, with business…View ↗
Our customer strategy is focused on large fleet customers (e.g., with greater than 500 trucks in their fleet), with a multi-step ramp up…View ↗
On-road, our potential customers include shipping and logistics companies and retail customers with large distribution networks, such as…View ↗
10-K for FY2023, filed Mar 22, 2024
For the year ended December 31, 2023, one customer accounted for 100.0% of total revenue. For the year ended December 31, 2022, the…View ↗
Did Revenues Turn Into Profits?
No. It lost $184M in FY2023.
10-K for FY2023, filed Mar 22, 2024
−$188MView ↗
10-K for FY2023, filed Mar 22, 2024
−$184MView ↗
10-K for FY2023, filed Mar 22, 2024
−$143.4MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Nov 14, 2024
−$41.3MView ↗
- ▼ −6% (Loss)
- vs −$44.1M in Q3 FY2023
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Mar 28, 2025
Shareholders approve asset assignment and liquidation
Hyzon said it plans to assign its assets to creditors, though the timing of the assignment and dissolution is undecided.
Sources
8-K, filed Mar 28, 2025
Proposal 1. To approve the resolutions attached as Annex A to the Proxy Statement dated December 30, 2024, approving and authorizing the…View ↗
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Feb 20, 2025
Hyzon plans to delist its shares and warrants from Nasdaq
The company said its securities were suspended and it planned to file to remove them from Nasdaq.
Sources
8-K, filed Feb 20, 2025
As previously reported, on January 23, 2025, Hyzon Motors Inc. (the “Company”) received a determination letter (the “Delisting…View ↗
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Feb 5, 2025
CEO resigns; president named acting CEO
Parker Meeks resigned, and Dr. Christian Mohrdieck was appointed president and acting chief executive.
Sources
8-K, filed Feb 5, 2025
On February 4, 2025, Parker Meeks, Chief Executive Officer and a director of Hyzon Motors Inc. (the “Company”) announced his resignation as…View ↗
From acquisition search to fuel cells
The older report describes a blank-check company seeking a business combination; the latest describes Hyzon as a fuel-cell supplier assembling and converting heavy-duty vehicles.
10-K for FY2020, filed Mar 1, 2021 10-K for FY2023, filed Mar 22, 2024We are a blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock…View ↗
Who Did They Compete With?
Competes with Hyundai, Toyota, Daimler Truck, Volvo Group, Nikola, Autocar, Ballard, Cummins, Bosch, EKPO, GM, Plug Power, PACCAR, Air Liquide, Linde, Air Products, BP, Chevron, Total, and ExxonMobil
10-K for FY2023, filed Mar 22, 2024The competitive landscape for our vehicles ranges from vehicles relying on legacy ICEs, to extended range BEVs, to other hydrogen fuel cell…View ↗
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