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Hyzon faces Nasdaq delisting
The hydrogen vehicle manufacturer has been notified of a suspension of its shares and delisting from the market scheduled for 14 February
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Law firm Schubert Jonckheer & Kolbe is investigating potential securities law violations and unlawful business practices at the hydrogen truck manufacturer
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New ways to model fuel cell performance could greatly improve technology, says CTO Shinichi Hirano
Hyzon eyes China truck market
Initial order of 100 vehicles from Hongyun will be delivered before the end of 2021, with 400 to follow next year
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Ark Energy buys trucks from Hyzon Motors
Trucks will replace diesel equivalents, reducing CO₂ emissions by 1,400t/yr
Hyzon faces multiple lawsuits
Hyzon
Polly Martin
7 December 2022
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Hyzon under shareholder investigation

Law firm Schubert Jonckheer & Kolbe is investigating potential securities law violations and unlawful business practices at the hydrogen truck manufacturer

Hyzon is under investigation by class-action law firm Schubert Jonckheer & Kolbe as it faces multiple lawsuits alleging improper business practices, particularly surrounding one of its apparent largest customers. In late 2021, Hyzon announced a non-binding deal with Chinese company Shanghai Hongyun for 500 hydrogen-powered trucks. However, within months, activist investment firm Blue Orca published a short-seller report that accused Hyzon of misrepresenting its deal with the firm, which noted that Shanghai Hongyun was established only three days before the announcement. Since then, Hyzon has been named in a securities class-action lawsuit that alleges Shanghai Hongyun is a shell company.

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