Hyzon Motors announces delisting from NASDAQ

US-based Hyzon Motors Inc. has announced its intent to delist from the Nasdaq Stock Market due to a decision by its Board of Directors. The delisting is expected to be followed by a deregistration with the SEC. The company aims to reduce significant costs associated with reporting obligations and regulatory compliance. Additionally, Hyzon has focused on developing hydrogen fuel cell technology to provide zero-emission power for heavy-duty commercial vehicles, including Class 8 trucks.