8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): June 22, 2023

___________________________________

Hyzon Motors Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware	001-3962	82-2726724
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)
475 Quaker Meeting House Road Honeoye Falls, NY		14472
(Address of principal executive offices)		(Zip Code)
(585)-484-9337
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol	Name of each exchange on which registered
Class A common stock, par value $0.0001 per share	HYZN	NASDAQ Capital Market
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share	HYZNW	NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01.     Regulation FD Disclosure.

On June 20, 2023, the Company issued a press release announcing that it will be attending the Fox Advisors Transportation Technology Conference on Thursday, June 22, 2023. Hyzon Chief Executive Officer Parker Meeks will participate in a virtual fireside chat with Fox Advisors' Founder and CEO Steve Fox, sharing details on the Company's progress towards the development and production of a single stack 200kW fuel cell system, as well as progress in commercializing Hyzon's three focus vehicle platforms. The press release and conference presentation are attached hereto as Exhibits 99.1 and 99.2, and are incorporated in this Item 7.01 by reference.

The information set forth in Item 7.01 (including Exhibits 99.1 and 99.2) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

The following exhibit relating to Item 9.01 shall be deemed to be furnished, and not filed:

Exhibit Number	Description
99.1	Press release, dated June 20, 2023 issued by the Company.
99.2	Fox Advisors Transportation Technology Conference Presentation.
104	Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HYZON MOTORS INC.
Date: June 22, 2023	By:	/s/ Parker Meeks
	Name:	Parker Meeks
	Title:	Chief Executive Officer

EX-99.1

Exhibit 99.1    

News release	June 20, 2023

HYZON MOTORS TO ATTEND FOX ADVISORS TRANSPORTATION TECHNOLOGY CONFERENCE

ROCHESTER, NY, June 20, 2023 – Hyzon Motors Inc. (NASDAQ: HYZN) (“Hyzon” or the “Company”), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles ("FCEVs"), will be attending the Fox Advisors Transportation Technology Conference on Thursday, June 22, 2023. Hyzon Chief Executive Officer Parker Meeks will participate in a virtual fireside chat with Fox Advisors’ Founder and CEO Steve Fox, sharing details on the Company’s progress towards the development and production of a single stack 200kW fuel cell system as well as progress in commercializing Hyzon’s three focus vehicle platforms, including the recently announced first U.S. commercial agreement with Performance Food Group.

Fox Advisors Transportation Technology Conference features fireside chats and Q&A with leading companies and thought leaders throughout the transportation technology sector. The virtual event, powered by Analyst Hub, is open to qualified institutional investors.

###

About Hyzon Motors Inc.

Hyzon is a global supplier of fuel cell electric mobility, with US operations in the Rochester, Chicago and Detroit areas, and international operations in the Netherlands, Australia, and China. Hyzon is an energy transition accelerator and technology innovator, providing solutions in the transport sector with a focus on commercial vehicles and hydrogen supply infrastructure. Utilizing its proprietary hydrogen fuel cell technology, Hyzon’s mission is to supply zero-emission heavy duty trucks to customers in North America, Europe and around the world to mitigate emissions from diesel transportation - one of the single largest sources of carbon emissions globally. The Company is contributing to the adoption of fuel cell electric vehicles through its demonstrated technology advantage, fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.

Accelerating the
Energy Transition	hyzonmotors.com

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements, including statements about our business outlook, are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyzon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Hyzon cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyzon, including risks and uncertainties described in the “Risk Factors” section of Hyzon’s Form 10-K for the year ended December 31, 2022 filed with the SEC on May 31, 2023, and other documents filed by Hyzon from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements, such as risks related to the ability to convert non-binding memoranda of understanding or vehicle trial agreements into binding orders or sales (including because of the current or prospective financial resources of the counterparties to Hyzon’s non-binding memoranda of understanding and letters of intent), or the ability to identify additional potential customers and convert them to paying customers. Hyzon gives no assurance that Hyzon will achieve its expectations.

Investor Contact:

IR@HyzonMotors.com

Media Contact:

Hyzon@kivvit.com

Accelerating the
Energy Transition	hyzonmotors.com

EX-99.2

Fox Advisors Transportation Technology Conference © 2023 Hyzon Motors Inc. All Rights Reserved

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Forward Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, are forward-looking statements. When used herein, the words "aims", "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyzon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by events or circumstances after the date of this presentation. Hyzon cautions you that forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyzon, including, but not limited to, the following: our ability to commercialize our products and strategic plans, including our ability to establish facilities to produce our fuel cells, assemble our vehicles or secure hydrogen supply in appropriate volumes, at competitive costs or with competitive emissions profiles; our ability to effectively compete in the heavy-duty transportation sector, and withstand intense competition and competitive pressures from other companies worldwide in the industries in which we operate; our ability to convert non-binding memoranda of understanding into binding orders or sales (including because of the current or prospective resources of our counterparties) and the ability of our counterparties to make payments on orders; our ability to invest in hydrogen production, distribution, and refueling operations to supply our customers with hydrogen at competitive costs to operate their fuel cell electric vehicles; disruptions to the global supply chain, including as a result of geopolitical events, and shortages of raw materials, and the related impacts on our third party suppliers and assemblers; our ability to maintain the listing of our common stock on the Nasdaq Capital Market; our ability to raise financing in the future; our ability to retain or recruit, or changes required in, our officers, key employees or directors; our ability to protect, defend, or enforce our intellectual property on which we depend; and the impacts of legal proceedings, regulatory disputes, and governmental inquiries. Additional information on potential factors that could affect the financial results of Hyzon and its forward-looking statements is included in the "Risk Factors" section of Hyzon's Annual Report filed on Form 10-K and other documents filed by Hyzon from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Hyzon gives no assurances that Hyzon will achieve its expectations as may be described herein. 2

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Introducing a Revitalized Hyzon Note: Company logos are trademarked images of the respective firms. 1.Patent counts are totals of exclusively and jointly owned, both granted and filed / pending Fuel Cell Technology Leader, Driving “Early Mover” Commercialization of Heavy-Duty FCEV Trucks Proprietary fuel cell technology and 200 kW fuel cell system (FCS) Repowered fuel cell trucks Hydrogen relationships and investments 157 Total patents granted and filed/pending1 4.5 kW/L Current generation power-density of PEM fuel cell stacks 200 kW Net fuel cell single stack system in on-road testing U.S. Based 3

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Hyzon’s Proprietary Fuel Cell Production Facility 4 Bolingbrook Facility, IL 1 Proprietary, in-house design, development and manufacturing of 200kW FCS 2 On track for Start of Production or SOP of 200kW FCS in 2024

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED • Innovative MEA design increase the robustness, performance and durability • Exclusively own 20 US and international patent applications on MEA • Patented hybrid bipolar plate (graphite and metallic) • Combined advantages of graphite and metallic plates • Enables much larger cell size • Improved heat distribution & water management • Suitable for heavy-duty applications • More individual fuel cells than typical industry fuel cell stacks • Integrated design eliminating external connectors and cables • Adhering to robust engineering testing and standards • DVP&R ongoing • 25 200kW fuel cells are being made • Continuous manufacturing upgrade …Providing Significant Advantages Over Two ~100 kW FCS Deployments Due to Hyzon’s Advantaged IP and Design 1. 2 2 ; Estimated based on early 200 kW truck testing at test track in similar simulated routes on flat road vs. similar use case performance with single 120 kW FCS200 vs. 1 0kW at 1 0kW 5 Advantages of Hyzon’s 200 kW single fuel cell system IP and benefits vs. two ~100 kW fuel cell systems -30% Total Volume +20% Miles per kg H2 vs. 120 kW FC truck1 -25% Total FCS cost in truck BOM (200 kW vs. 2x~100 kW) -30% Total FCS weight vs. 2 systems 7- la ye r M EA Hy br id B PP Si ng le st ac k Ro ad m ap 1 2 3 4 Hyzon’s 200 kW single FCS shows significant benefits vs. traditional approach of two ~100 kW fuel cells

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Hyzon’s Technology Advantages is Based on Proprietary Fuel Cell IP Note: These are exclusively utilized by Hyzon Motors in mobility in Hyzon’s core markets of North America, Europe and Australia / New Zealand. Numbers include patents applied, including those awarded or pending. 6 Leveraging IP to produce and commercialize 200kW FC system Category # of patents Significant areas Membrane Electrode Assembly (MEA) 25 Covers, electrode design, membrane catalyst, gas diffusion layer Bipolar Plate (BPP) 16 Flow field design, durability improvement Unit Cell 15 Sealing, bonding FC Stack 6 Stack design, assembly Balance of Plant (BOP) 35 Humidifier, sensors, system controllers and peripherals Fuel Cell System 23 Anode, cathode and coolant loops, Modular boost converter Other 37 Hydrogen storage, vehicle and battery (incl. SOC management) Total 157

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Driving Hyzon’s 200 kW Single FCS Technology to Commercialization 7 200 kW FCS Major Milestones: Start-of-Production and Durability 1H 2023 2H 2023 1H 2024 2H 2024 • 200 kW FCS durability with simulated vehicle drive cycles • In-vehicle on-road 200 kW FCS validation tests • Manufacture and test 16x 200 kW FCS B2 and C samples • Design Verification Plan and Report (DVP&R) • Short stack durability (Accelerated Stress Testing – AST & Load Cycle Testing – LCT) • Declare pre-production • Process Verification Plan and Report (PVP&R) • Start of Production (SOP) • 200 kW FCS A-Samples produced and tested • 3x 200 kW FCS B1 Samples produced and tested • Design Verification Plan (DVP) • 6x 200 kW FCS B2 Samples produced and tested (3 systems completed so far)   

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED • One platform developed per region • Standardized fuel cell powertrain • Modularized balance of plant/electrified components • Third party contractor assembly strategy1 • Customer deployments in 2023 in all three regions Three Streamlined and Region-Specific Core Platforms 1 .Hyson Motors US and Hzyon Motors Europe to leverage third party contract assembly for FCEV truck assembly; Hyzon Australia planned to assemble its own vehicles in scale-up of production 8 Region-specific product platforms minimize asset requirements and maximize standardization Rigid Conventional Cabover1 2 3 4 5 • Fully developed 110kW platform + SOP with Fontaine in progress • 200kW A-sample truck in testing, C- sample bench testing started • Commercial agreements signed with blue chip customers with deliveries planned in 2H 2023 • Liquid hydrogen long-range truck in on- track testing, pending customer demonstration • 110kW deployed to customers for trials/ demonstrations • 200kW development in process • Fully developed 110kW platform • ISO certified for safety, quality end environmental • Commercial delivery planned in 2H 2023

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED 100% Positive Contribution Margin at Truck-Level Today, with Specific Cost Reduction and Fuel Efficiency Improvement Initiatives to Expand Illustrative unit economics of Hyzon's Class 8 fuel cell electric vehicle; U.S. example based on Hyzon internal estimates Cab / Chassis • Fixed pass-through cost of cab / chassis – lowest cost contributor to overall cost of Class 8 trucks • Sourced either directly from OEMs / existing fleet through customer or recent trucks from dealers, minimizing working capital outlay Fuel Cell • Leveraging proprietary technology and in-house production to manufacture industry- leading 200kW fuel cell • Cost advantages through in-house manufacturing as compared to purchased fuel cells from third parties Powertrain & Auxiliary • Electrified powertrain modules standardized across platforms and vehicles to drive economies of scale, optimized with suppliers over time 3rd Party Assembler Fee • Capital-light model w/ 3rd party Assembly contractor fee, small & decreasing portion of cost structure Cab / Chassis Contribution Margin Powertrain / Aux / OtherAssembler Fee Fuel Cell Illustrative Cost Breakdown of Hyzon’s US Class 8 Truck1 100% = Total Price (Actual or Estimated) Excluding Taxes & Delivery 110kW fuel cell (2023) 200kW fuel cell (low volume estimate) 200kW fuel cell (high volume estimate) 1. Illustrative graph is drawn to scale; unit level contribution margins (direct costs plus warranty reserve) – 110kW fuel cell based on current cost stack and 200kW fuel cell (low and high volume) based on Hyzon Motors internal estimates 9

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Capital-Light Model Leveraging Third-Party Contract Assemblers Drives Both Cost and Partial Working Capital Advantages vs. Full Vehicle Manufacturing • FCEV truck assembled by third party contract assemblers (US and EU) • Smallest share of cost stack and incurred only on a unit-by-unit basis (No large capital outlay for truck plant) • Significant cost reduction per unit particularly at scale-up trajectory volumes • In the U.S., customer driven base truck order (through dealer) sent directly from OEM to assembler • In that model, Hyzon does not carry working capital for the base truck cab & chassis • Materially lowers working capital cash burden of the overall FCEV truck Illustrative Component / Assembler Cost of Hyzon’s Class 8 Truck Powertrain / Aux / OtherContribution Margin Assembler Fee Cab / Chassis Fuel Cell U.S. Example Illustrative Working Capital Burden of Hyzon’s Class 8 FCEV Truck Under US Large Fleet Dealer Model Cab / Chassis Powertrain / Aux / Other Fuel Cell U.S. Large Fleet Example 3rd Party Contract Assembler Fee Working Capital Requirement: Cab & Chassis (US Large Fleet) Overview of Capital Light Third Party Assembly Model Benefits to FCEV Cost Structure and Cash: US Example 10

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Anticipating Approaching Diesel Parity Without Relying on Truck Subsidies at Volume of 1,000 Trucks Annually 1. Based on fuel cell electric Class 8 truck illustrative sales price of $500k, for analysis purposes reduced to $425k @ 1,000 units (with and without purchase subsidies of $240k), 100k miles per year for 8 years, $5.0 / kg H2 cost, vehicle maintenance of $0.17 / mile and fuel economy of 6.0 (1), 7.0 (500), 8.0 mi/kg (1,000) 2. Assumed acquisition cost of $139k. Diesel fuel economy assumed 5.4 mpg @ $4.80 / Gal with maintenance costs of $0.20 / mile. 11 $1.31 $1.14 $0.98 $1.61 $1.49 $1.33 1 500 1000 FCEV (with subsidy) FCEV (without subsidy) $1.31 Diesel Hyzon Units Produced 1 2 Illustrative Total Cost of Ownership Comparison $/mile Manufacturing 200 kW fuel cells in house offers significant cost advantages through scale impact1 Vehicle production currently transitioning to at- scale production via modularization & standards2 Detailed R&D pathway identified to drive fuel efficiency improvement on Class 8 Cascadia, including 200 kW benefits 3

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED FCEV Heavy-Duty Trucks Expected to Out-Compete BEV when Heavy Loads, Long Distances and/or Short Fueling Times are Needed – Majority of Class 8 in US Sources: Assumptions: Diesel: (1) Typical HD vehicles achieve 6.5 mpg (Davis and Boundy 2019; Schoettle, Sivak, and Tunnell 2016). (2) Fueling rates for diesel truck dispensers are commonly 15 gpm or faster; BET: (1) Tesla and Daimler advertise vehicle efficiencies of ~2 kWh/mile (Tesla 2020; Daimler Trucks North America LLC 2020). Therefore, setting case today at 2 kWh/mile and future case at 1 kWh/mile, 50% reduction in energy use. (2) Charge rates for today will be 350kW fast charger and future case 1,500kW fast charger; FCET: (1) Nikola Motor Company predicting 600-mile range with 80kg of hydrogen, which equates to 7.5 mi/kg, so at 100kg of hydrogen total capacity provides 750- mile total range. In context of FCEBS showing efficiency around 4-6 mi/kg for on-road efficiency and bus drive cycles being tougher than drive cycles for trucks, so 7.5 mi/kg estimate reasonable, and use this for both today and future case. (2) Fill rates for today and the future case will be 3.6 kg/min and 10 kg/min, respectively. Tesla is a registered trademark of Tesla Inc; Daimler Trucks North America is a registered trademark of Daimler Trucks North America L.L.C.; and Nikola Motor Company is a registered trademark of Nikola Corporation. 12 Mileage Comparison 10 Mins Of Refueling/Recharging: Real time lost waiting for charging durations vs. hydrogen refueling expectations 300 7500 30 FCEV Long Haul Class 8 Hydrogen truck FCEV Long Haul Class 8 Hydrogen truck Future 250 BEV 350kW DC Fast Charger Today 1500kW DC Fast Charger Future Sources: Fuel Cells and Hydrogen 2 Joint Undertaking. (2017, August). Development of Business Cases for Fuel Cells and Hydrogen Applications for Regions and Cities: FCH Heavy'-duty trucks. https://www.fch.europa.eu/sites/default/files/171121_FCH2JU_Application-Package_ WG 1 _ Heavy duty trucks (ID 2910560) (ID 2911646). pdf Payload Performance: Real potential revenue loss and/or operational cost increases for fleets who maximize weight up to allowed limits Payload benchmark of alternative powertrains Medium Duty ( 33,000 LBS) Heavy Duty ( 80,000 LBS) Diesel 100% FCEV 99.3% BEV 80.9% Diesel 100% FCEV 99.7% BEV 76%

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Hydrogen Infrastructure Advantage Source: Electric Highways: Accelerating and Optimizing Fast-Charging Deployment for Carbon-Free Transportation (2022), Hyzon Motors Business Update (2022) 1. Design developed by National Grid, inspired by: CALSTART (2015). Electric Truck and Bus Grid Integration. Opportunities, Challenges and Recommendations 2. Based on ~2,000 truck stops in the U.S.; assumes 10 lanes per truck stop 3. Assumes time to refuel a diesel truck is the same as a hydrogen fueled FCEV truck at 15 minutes 4. Based on a 550kWh rated battery on a Class 8 truck; recharging times based on charging from 0-100% at rated power for charger 13 Comparative Peak Loads for Illustrative Sites and Other Major Users 1 Significantly Higher Last Mile Infrastructure Required for BEV • Charging sites will bring about significant electric loads and these loads will begin to exceed distribution line capacity in the next 5-10 years • The timelines and investment required for grid infrastructure upgrades, particularly transmission, are much longer than those required for EV supply equipment installation • Creates a substantial grid burden • Requires 6-12x fueling real estate needed vs hydrogen fueling • Future target of 60-90 minutes to recharge Class 8 vehicle vs refueling time of 10-15 minutes today with diesel or hydrogen • Commercial megawatt rapid charging infrastructure has a significant cost and additional grid burden Highway Plaza 4 x 150 kW Chargers (NEVI Guidance Minimum) 0.6 MW Highway Plaza Passenger Plaza 5 MW Highway Plaza Large Passenger/ Truck Stop 19 MW Outdoor Stadium ~5+ MW Empire State Building 9-10 MW Small Town ~20 MW 20,000 20,000 251,111 129,143 Diesel Pumps Hydrogen Pumps 180kW 350kW >12x >6x

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED Hyzon’s Focus in 2023-2024: Execution, Which is Well Underway… 14 Priority Milestones to achieve in 2023-2024 Category Timing Priority Milestones (Subset) Status 2H 2022 Restructure Hyzon Europe & China Ops 2H 2022 Rigid Platform ISO Certification & Launch 1H 2023 Europe Cabover Gen 1 4x2 Customer Launch with Anchor Customers 1H 2023 First 200kW B-sample fuel cell produced and tested 1H 2023 First U.S. customer order contracted 1H 2023 First 200kW FCEV truck in testing 2H 2023 200kW fuel cell C-sample declaration 2H 2023 Deliver first commercial Class 8 Hyzon FCEV to U.S. customer 2H 2023 25 200kW fuel cell prototypes produced / validated and C-Sample 200 kW Declared 1H 2024 200kW FCEV Truck Commercial Launch 2H 2024 200kW production facility SOP declared Organization Fuel cell Vehicle

© 2023 HYZON MOTORS INC. ALL RIGHTS RESERVED …Paired with Focused Cash Management and Capital Raise 15 Average Monthly Operating Expenses1 $MM • Operating expenses have been driven by elevated legal, consulting, and accounting expenses associated with filing compliance, organizational restructure, Special Committee Investigation and ongoing SEC investigation and lawsuits • Annualized operating expenses trend expected to continue as witnessed over Q1 2023 − Average monthly operating expenses $13.4MM in Q1 2023 from $16.9MM in Q4 2022 and $15.1MM in Q3 2022. • Aggregate cash burn in April and May 2023 at $24MM or $12MM/month, down from ~$15MM/month in Q1 20233 • Actively evaluating range of scenarios to reduce expenses while retaining value with a few “low hanging fruit” cost reduction levers already being implemented • Proactively exploring range of capital raise and strategic options including full M&A with focus on maximizing shareholder value • Engaging with prospective counterparties who see potential value in Hyzon’s technology platform and its ability to benefit and complement their investments in the hydrogen ecosystem Perspectives on Cash Burn Strategic Partner-Focused Capital Infusion Progress 0 5 10 15 20 4Q221Q22 2Q22 3Q22 1Q23 R&D SG&A Legal / Consulting / Accounting 1. Based on quarterly expenses; excluded cost of revenue 2. Excludes legal, consulting and accounting fees 3. Based on unrestricted cash, cash equivalents, and short-term investments of $209MM and $185MM as of March 31, 2023, and May 31, 2023, respectively 2

XML

Cover	Jun. 22, 2023
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Jun. 22, 2023
Entity Registrant Name	Hyzon Motors Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-3962
Entity Tax Identification Number	82-2726724
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14472
Entity Address, City or Town	Honeoye Falls
Entity Address, Address Line One	475 Quaker Meeting House Road
Local Phone Number	484-9337
City Area Code	585
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001716583
Amendment Flag	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	HYZN
Security Exchange Name	NASDAQ
Warrant
Entity Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
Trading Symbol	HYZNW
Security Exchange Name	NASDAQ