Hyzon Motors starts trading on Nasdaq

Hyzon Motors Inc., a supplier of zero-emission hydrogen fuel cell-powered heavy vehicles, announced that its Class A common stock commenced trading on July 19 on the Nasdaq Global Select market under the ticker symbol “HYZN”.

This follows the previously announced closing of the business combination between Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.) and Hyzon Motors Inc. (f/k/a Decarbonization Plus Acquisition Corporation).

“This exciting step marks the starting line for Hyzon Motors,” said Craig Knight, CEO of Hyzon. “Our public listing will foster greater awareness that the future of commercial transportation – hydrogen fuel cell-powered vehicles – is today’s reality. It’s the beginning of a new chapter in the history of Hyzon, as we accelerate the transition to hydrogen commercial transport worldwide, and advance our commitment to reducing carbon emissions in a sector that is one of the largest contributors to climate change.”

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).