TOYOF - Hyzon Motors: An Attractive Bet On Hydrogen Technology
- Hyzon recorded its first vehicle revenues in the third quarter.
- The company has received orders of around $20.6 million and customers have paid $11 million in deposit against those orders.
- Hydrogen is believed to be the better option for heavy duty vehicles, where the use of batteries isn't optimal.
- The allegations made by short seller Blue Orca Capital seem to be misleading and inaccurate. The company has responded with a proper explanation.
- To be viable, FCEVs must deliver performance, durability, and cost effectiveness.
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Hyzon Motors: An Attractive Bet On Hydrogen Technology