Commercial vehicle supplier Hyzon Motors Inc. expects to deliver up to 400 vehicles in the second half of the year despite wider net losses recorded in the last quarter of 2021, the company announced in a filing.

  • Net loss for the last three months of 2021 stood at $28.632 million, up from $13.417 million in the previous year. Diluted net loss per share saw the same trend, growing to $0.12 from $0.08.
  • Full-year net loss climbed to $19.285 million in 2021, higher than $14.376 million recorded in 2021. The diluted net loss per share narrowed to $0.07 apiece versus $0.09 in the previous year.
  • Hyzon said it expects to deliver between 300 and 400 vehicles heavily weighted towards the latter half of the year, with the industry still navigating the ongoing supply constraints and global uncertainties.
  • It will deploy 10 to 15 fuel cell demonstration trucks by the year-end in North America; ramp up deliveries in Europe, Australia, and China; and bring its Hyzon/Raven gas-to-hydrogen hub and waste-to-hydrogen online by the end of the year.

Hyzon delivered 87 fuel cell electric vehicles in 2021, with its heavy- and medium-duty trucks ongoing validation in real-world operations. HYZN is down 7.39%.