Hyzon Begins Production of Class 8 Hydrogen Fuel Cell Electric Truck in North Carolina Facility
Key Ideas
- Hyzon has started series production of its 200-kilowatt Class 8 hydrogen fuel cell electric truck at the Fontaine Modification facility in Charlotte, N.C.
- The company's second-generation fueling system is more efficient, lighter, and smaller, with trials planned for large fleets, aiming to reduce emissions without compromising performance.
- Hyzon faced financial challenges and underwent a cost-cutting drive, including shuttering operations in the Netherlands and Australia, but is now working on strengthening its finances and ramping up production.
- Recent financial moves such as a stock split and fundraising efforts aim to ensure the company's sustainability and growth, with the production of the hydrogen fuel cell electric trucks expected to contribute to revenue generation.
Hyzon, a Bolingbrook-based company, has announced the start of series production of its 200-kilowatt Class 8 hydrogen fuel cell electric truck at the Fontaine Modification facility in Charlotte, N.C. The production involves providing kits for the fuel cell system, battery packs, and hydrogen storage systems to be integrated into Freightliner Cascadia day cabs. CEO Parker Meeks expressed pride in the evolution of the vehicle, highlighting its emission reduction capabilities without compromising power and reliability.
The second-generation 200-kilowatt fuel cell system is more cost-efficient, lighter, and smaller compared to its predecessor, with trials planned for large fleets like Performance Food Group. Hyzon is also working towards significant fleet trials for both 110-kilowatt and 200-kilowatt options by early 2025.
Facing financial challenges, Hyzon underwent a cost-cutting drive resulting in the closure of operations in the Netherlands and Australia due to declining government support. To ensure sustainability, Hyzon conducted a stock split and fundraising activities, raising funds to support operations and production. This financial stability, coupled with the commencement of truck production, is expected to bolster the company's revenue and market presence, allowing it to continue its efforts in zero-emission transport and technological advancements.
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North America
Production
Technology
Transportation
Financials
Zero-emission
Investments
Fleet Operations
Trials
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