Comment on Hyzon, which has hydrogen EV fuel cell plant in Bolingbrook, may lay off all employees, liquidate assets

Hyzon, which has hydrogen EV fuel cell plant in Bolingbrook, may lay off all employees, liquidate assets

Hyzon Motors, a startup manufacturer of hydrogen-powered electric trucks that built its fuel cell factory in Bolingbrook, is planning to liquidate its assets and may terminate “substantially all of its remaining employees,” according to a news release Friday. Running out of cash and facing a less EV-friendly political climate, the publicly traded company is seeking shareholder approval for an assignment for the benefit of creditors, according to a filing Thursday with the Securities and Exchange Commission.

 

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