The Netherlands– Dutch-based private limited liability firm Holthausen Clean Technology Investments and Hyzon Motors have entered into a common stock purchase agreement.
The Agreement states that Hyzon will pay Holthausen €5.52 million in exchange for 1,485,000 shares in Hyzon Motors Europe, a joint venture that does business as a private limited liability company registered in the Netherlands. After the purchase, Hyzon will possess all of the Hyzon Europe shares that are still trading.
Fuel cell tech
Hyzon’s management team remains dedicated to commercializing a single initial heavy-duty truck platform, delivering its core fuel cell technology in a standardized leading cabover FCEV, and achieving the zero emission commercial transportation goals of its clients in the European region. Holthausen will continue to offer specialized zero-emission trucks.
