Private company

Hyzon Motors Inc.

Hyzon Motors Inc. is an electrical industrial apparatus company based in Bolingbrook.1

Last updated Oct 20, 2026.

Overview

  • IndustryElectrical Industrial Apparatus1
  • HeadquartersBolingbrook, Illinois1
  • Business address599 South Schmidt Road, Bolingbrook, Il 604402
  • Filer category, Emerging growth company2

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Our mission is to decarbonize heavy-duty applications by commercializing our proprietary high power fuel cell technology. We are executing our mission by deploying our fuel cells in zero-emission, HD hydrogen FCEVs today, and deploying the same technology to fuel cell-advantaged end markets in the future.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-63735.3%Operating margin5
-62387.1%Net margin5
-92.1%Revenue growth, 20235
-140.8%Return on equity5
-$143.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development26¢$43.7M
  • Selling, general and admin73¢$121.2M
  • Income tax0¢$492.0K

Out of $295.0K in revenue.5 The company lost money this year.

Financial statements

Revenue65$295.0K in 2023
-$1.0M0$1.0M$2.0M$3.0M$4.0M2021: -$80.0K-$80.0K20212022: $3.7M$3.7M20222023: $295.0K$295.0K2023−92%
Operating income7865-$188.0M in 2023+10562765% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$1.8K-$1.8K20192020: -$14.2M-$14.2M2020+799394%2021: -$99.0M-$99.0M2021+596%2022: -$172.8M-$172.8M2022+74%2023: -$188.0M-$188.0M2023+9%
Net income7865-$184.0M in 2023+84728% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$217.0K-$217.0K20192020: -$14.3M-$14.3M2020+6478%2021: -$12.1M-$12.1M2021−15%2022: -$32.2M-$32.2M2022+165%2023: -$184.0M-$184.0M2023+472%
Fiscal year201820192020202120222023
Revenue-$80.0K6$3.7M5$295.0K5
Research and development$1.4M8$15.5M6$39.1M5$43.7M5
Selling, general and admin$12.8M8$67.9M6$114.1M5$121.2M5
Operating expenses$98.9M6$176.5M5$188.3M5
Operating income-$1.8K7-$14.2M8-$99.0M6-$172.8M5-$188.0M5
Income before tax-$16.9M6-$54.0M5-$184.5M5
Income tax$012$06$526.0K5-$492.0K5
Net income-$217.0K7-$14.3M8-$12.1M6-$32.2M5-$184.0M5
Earnings per share-$216,960.007-$0.098-$0.066-$0.135-$0.755
Earnings per share (diluted)-$0.047-$0.098-$0.066-$0.135-$0.755
Shares (weighted, basic)203.9K shares6248.0K shares5244.8M shares5
Shares (weighted, diluted)203.9K shares6248.0K shares5244.8M shares5

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Corporate structure

Hyzon Motors Inc. sits at the top of its group. 9 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Hyzon Motors Inc.

  • Long Focus Capital Management, LLC Filed SCHEDULE 13G/A on Hyzon Motors Inc., latest May 15, 2025 (4 filings since May 25, 2023)
  • HORIZON FUEL CELL TECHNOLOGIES PTE LTD Filed SC 13D/A on Hyzon Motors Inc., latest Aug 30, 2024 (13 filings since Jan 11, 2023)
  • P.N. Generations LLP Filed SC 13G on Hyzon Motors Inc., latest Dec 22, 2023
  • Decarbonization Plus Acquisition Sponsor, LLC Filed SC 13G/A on Hyzon Motors Inc., latest Feb 15, 2022
  • Encompass Capital Advisors LLC Filed SC 13G/A on Hyzon Motors Inc., latest Feb 15, 2022
  • INTEGRATED CORE STRATEGIES (US) LLC Filed SC 13G/A on Hyzon Motors Inc., latest Feb 11, 2022
  • ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Hyzon Motors Inc., latest Feb 10, 2022
  • Linden Capital L.P. Filed SC 13G/A on Hyzon Motors Inc., latest Feb 2, 2022
  • Hyzon Motors Inc. Bolingbrook, Illinois
    • Foshan Hyzon New Energy Technology Co., Ltd. Subsidiary · China
    • Hyzon Motors Australia PTY LTD Subsidiary · Australia
    • Hyzon Motors Europe B.V. Subsidiary · Netherlands
    • Hyzon Motors Fleet LLC Subsidiary · Delaware, United States
    • Hyzon Motors Innovation GmbH Subsidiary · Germany
    • Hyzon Motors Technology (Shanghai) Co., Ltd. Subsidiary · China
    • Hyzon Motors USA Inc. Subsidiary · Delaware, United States
    • Hyzon Zero Carbon, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Hyzon Motors Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$24.6M5 Dec 31, 2023$25.6M5 Dec 31, 2022−4.0%
Accumulated depreciation$6.0M5 Dec 31, 2023$3.2M5 Dec 31, 2022+88.5%
Property and equipment, net$18.6M5 Dec 31, 2023$22.4M5 Dec 31, 2022−17.2%
Finance-lease assets$05 Dec 31, 2023$05 Dec 31, 2022
Operating-lease assets (leased space)$4.7M5 Dec 31, 2023$9.2M5 Dec 31, 2022−48.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$112.3M5 Dec 31, 2023$60.6M5 Dec 31, 2022+85.4%
Stakes in other companies (equity method)$8.4M5 Dec 31, 2023$8.5M5 Dec 31, 2022−1.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$28.8M5 Dec 31, 2023$35.6M5 Dec 31, 2022−19.0%
Raw materials$11.4M5 Dec 31, 2023$24.9M5 Dec 31, 2022−54.2%
Work in process$9.9M5 Dec 31, 2023$10.7M5 Dec 31, 2022−7.2%
Finished goods$7.5M5 Dec 31, 2023$05 Dec 31, 2022

Leadership

Who has led Hyzon Motors Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Erik J. Anderson2020–2021
  2. Craig Matthew Knight2021
  3. Parker Stewart Meeks2024

Chair

  1. Zhijun Gu2021

President

  1. Patrick Michael Griffin2022–2023
  2. John Milton Edgley2023
  3. Parker Stewart Meeks2023–2024

Chief financial officer

  1. Peter Haskopoulos2020
  2. Samuel S. Chong2022
  3. Parker Stewart Meeks2023
  4. Stephen Weiland2023–2024

Chief operating officer

  1. Bappaditya Banerjee2023–2024
2025
Board members and other officers (28)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Foshan Hyzon New Energy Technology Co., Ltd. China3
  • Hyzon Motors Australia PTY LTD Australia3
  • Hyzon Motors Europe B.V. Netherlands3
  • Hyzon Motors Fleet LLC Delaware3
  • Hyzon Motors Innovation GmbH Germany3
  • Hyzon Motors PTE. LTD. Singapore3
  • Hyzon Motors Technology (Shanghai) Co., Ltd. China3
  • Hyzon Motors USA Inc. Delaware3
  • Hyzon Zero Carbon, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Decarbonization Plus Acquisition CorpSep 14, 2020 to Jul 19, 20212
  • Decarbonization Plus Acquistion CorpAug 20, 2020 to Sep 22, 20202

Timeline

  1. Mar 28, 20258-K Shareholder vote; Other events49
  2. Feb 27, 20258-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights50
  3. Feb 20, 20258-K Listing notice or transfer; Regulation FD disclosure; Other events51
  4. Feb 5, 20258-K Executive or director change52
  5. Feb 3, 20258-K Executive or director change53
  6. Jan 23, 20258-K Listing notice or transfer54
  7. Jan 10, 20258-K Exit or restructuring costs55
  8. Jan 7, 20258-K Other events56
  9. Dec 23, 20248-K Other events57
  10. Dec 20, 20248-K Exit or restructuring costs; Executive or director change; Regulation FD disclosure58
  11. Dec 6, 20248-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote59
  12. Nov 13, 20248-K Results of operations; Regulation FD disclosure60
  13. Apr 9, 2024New chief executive Parker Stewart Meeks becomes CEO13
  14. Jul 16, 2021New chief executive Craig Matthew Knight becomes CEO14
  15. Oct 20, 2020New chief executive Erik J. Anderson becomes CEO15

Calendar

When it reported results

  1. Nov 13, 2024Reported quarterly or annual results60
  2. Aug 13, 2024Reported quarterly or annual results61
  3. May 13, 2024Reported quarterly or annual results62
  4. Mar 22, 2024Reported quarterly or annual results63
  5. Jan 9, 2024Reported quarterly or annual results64
  6. Nov 14, 2023Reported quarterly or annual results65
  7. Aug 8, 2023Reported quarterly or annual results66
  8. Jun 8, 2023Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

446 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 94 major events, 160 insider forms, 23 large holders, 153 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. Mar 28, 202515-12G EDGAR
  3. Mar 28, 20258-K EDGAR
  4. Mar 28, 202515-12G/A EDGAR
  5. Mar 25, 2025EFFECT EDGAR
  6. Mar 25, 2025EFFECT EDGAR
  7. Mar 20, 2025S-8 POS S-8 EDGAR
  8. Mar 20, 2025S-8 POS S-8 EDGAR
  9. Mar 20, 2025POS AM S-3 EDGAR
  10. Mar 20, 2025POS AM S-1 EDGAR
  11. Mar 13, 202515-12G EDGAR
  12. Mar 3, 202525 EDGAR
  13. Mar 3, 2025DEFA14A EDGAR
  14. Feb 27, 2025424B3 EDGAR
  15. Feb 27, 20258-K EDGAR
  16. Feb 20, 2025424B3 EDGAR
  17. Feb 20, 20258-K EDGAR
  18. Feb 5, 2025424B3 EDGAR
  19. Feb 5, 20258-K EDGAR
  20. Feb 3, 2025424B3 EDGAR

The 446 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

43 open-market trades by officers, directors and large owners since October 2021: 1 buys and 42 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 10, 2025ZAVOLI JOHN RGC & Chief Legal OfficerSale320Form 4
Jan 8, 2025Mohrdieck ChristianChief Technology OfficerSale9,250$1.07$9.9KForm 4
Dec 30, 2024ZAVOLI JOHN RGC & Chief Legal OfficerSale3,393$1.08$3.7KForm 4
Dec 27, 2024ZAVOLI JOHN RGC & Chief Legal OfficerSale25$1.10$28Form 4
Dec 27, 2024Banerjee BappadityaChief Operating OfficerSale2,276$1.06$2.4KForm 4
Dec 27, 2024Wong Elaine HDirectorSale1,960$1.06$2.1KForm 4
Dec 26, 2024Banerjee BappadityaChief Operating OfficerSale4,990$1.09$5.4KForm 4
Dec 26, 2024Wong Elaine HDirectorSale15,627$1.08$16.9KForm 4
Dec 26, 2024Weiland StephenChief Financial OfficerSale5,515$1.12$6.2KForm 4
Dec 26, 2024Meeks Parker StewartCEOSale18,024$1.09$19.6KForm 4
Aug 28, 2024HORIZON FUEL CELL TECHNOLOGIES PTE LTD10% ownerSale500,000$0.07$35.0KForm 4
Aug 26, 2024HORIZON FUEL CELL TECHNOLOGIES PTE LTD10% ownerSale2,000,000$0.09$180.0KForm 4
Aug 23, 2024HORIZON FUEL CELL TECHNOLOGIES PTE LTD10% ownerSale2,000,000$0.07$140.0KForm 4
Aug 22, 2024Hymas Pte. Ltd.10% ownerSale1,000,000$0.06$60.0KForm 4
Aug 21, 2024Hymas Pte. Ltd.10% ownerSale1,000,000$0.06$60.0KForm 4
Aug 20, 2024HORIZON FUEL CELL TECHNOLOGIES PTE LTD10% ownerSale1,000,000$0.06$60.0KForm 4
Aug 19, 2024HORIZON FUEL CELL TECHNOLOGIES PTE LTD10% ownerSale1,000,000$0.06$60.0KForm 4
Aug 16, 2024Hymas Pte. Ltd.10% ownerSale5,000,000$0.06$300.0KForm 4
Aug 15, 2024Hymas Pte. Ltd.10% ownerSale2,458,896$0.08$196.7KForm 4
Aug 12, 2024Hymas Pte. Ltd.10% ownerSale1,411,049$0.10$141.1KForm 4

All 43 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Hyzon Motors Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHyzon Motors Inc.1
  • CIK0001716583
  • Employer ID (EIN)82-27267241
  • Filer status<br>emerging growth company1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3620 Electrical Industrial Apparatus1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address599 South Schmidt Road, Bolingbrook, IL 604401
  • Phone585-484-93371
  • Shares outstanding7,591,789 as of Nov 1, 202411
  • Public float$234.5M as of Jun 30, 20235
  • On EDGAR sinceAug 20, 20201
  • Filings606 in all: 4 (165), 8-K (108), 424B3 (93), DEFA14A (39), 3 (35), 144 (21), 10-Q (13), CORRESP (13)1
    All 45 form types

    SC 13D/A (13), 4/A (9), SC 13G/A (9), SC 13G (8), UPLOAD (7), 3/A (6), DEF 14A (6), EFFECT (6), 10-K (4), NT 10-Q (4), PRE 14A (4), S-1/A (4), 8-K/A (3), POS AM (3), PRER14A (3), 10-K/A (2), 10-Q/A (2), 15-12G (2), 424B5 (2), ARS (2), S-1 (2), S-8 (2), S-8 POS (2), 15-12G/A (1), 25 (1), 25-NSE (1), 424B4 (1), 5 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), NT 10-K (1), PREM14A (1), S-3 (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 22, 2024
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Dec 30, 2024
    Latest 8-K (8-K) Mar 28, 2025

Sources

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