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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BING NEWS:
  • Hyzon, which has hydrogen EV fuel cell plant in Bolingbrook, may lay off all employees, liquidate assets
    Hyzon warned that a potential total reduction in force will be completed in February if the company cannot raise funds or find a buyer.
    12/20/2024 - 9:38 am | View Link
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