Hyzon Motors has issued a statement in response to a report published by investment firm Blue Orca Capital, which accused the hydrogen vehicle manufacturer of presenting inflated revenue projections among other allegations.
Published last week (Sep 28), the report also accused Hyon’s largest customer as being “fake” and Hiringa Energy, one of the company’s largest customers, of not actually being a customer, among other statements.
Denying such allegations, Craig Knight, CEO of Hyzon Motors, said, “The self-serving short seller report published by Blue Orca last week is inaccurate and misleading, and we believe it was intended solely to generate profits on Blue Orca’s short position at the expense of Hyon’s long-term shareholders.
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