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Hydrogen Vehicles

All articles tagged with #hydrogen vehicles

"GM and Honda Launch U.S. Production of Hydrogen Fuel Cells"
automotive-technology2 years ago

"GM and Honda Launch U.S. Production of Hydrogen Fuel Cells"

General Motors and Honda have commenced commercial production of hydrogen fuel cell systems through their joint venture in Michigan, marking a significant step towards offering zero-emission solutions beyond battery-electric vehicles. The fuel cell systems are seen as a potential replacement for diesel in various applications such as heavy-duty trucks and generators. Both automakers plan to introduce fuel cell vehicles, with Honda's expected to be based on the CR-V and primarily sold in California. While the production volume is initially modest, the companies are optimistic about the technology's potential, despite challenges such as consumer acceptance and infrastructure.

business2 years ago

Hyzon Motors and Executives Face SEC Charges for Investor Misconduct

The Securities and Exchange Commission (SEC) has charged Hyzon Motors, a hydrogen vehicle company, and two former executives for misleading investors about its business relationships and vehicle sales. The SEC alleges that Hyzon misrepresented its dealings with potential customers and suppliers, falsely claimed to have delivered its first hydrogen fuel cell electric vehicle (FCEV), and reported false sales figures. The former CEO and managing director of Hyzon's European subsidiary were charged for their roles in the fraudulent scheme. Hyzon, the former CEO, and the managing director have agreed to settle the charges, with Hyzon paying $25 million and the individuals paying civil penalties.