- Hyzon Motors Inc (NASDAQ:HYZN) has chosen Melbourne as its Australia headquarters under a new partnership agreement with the RACV.
- Under the agreement, Hyzon Motors, in conjunction with the RACV at their Noble Park location, will develop a purpose-built facility including corporate offices, showroom, assembly warehousing, and workshop.
- The facility is expected to generate over 100 localized engineering and manufacturing jobs by 2025, with hundreds more indirect jobs through the supply chain.
- The partnership also includes the first order of hydrogen-powered vehicles for the RACV-owned subsidiary Nationwide Group.
- The company is expected to deliver three locally manufactured Hyzon HyMax TT7 tilt-tray trucks and one of Hyzon's fully imported HyMax prime movers to the Nationwide Group.
- Price Action: HYZN shares traded higher by 5.34% at $4.93 on the last check Monday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Hyzon Plans To Establish Australian Headquarters In Melbourne
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks