On September 28, Blue Orca Capital, known as the “killer whale,” published a shorting report on hydrogen fuel cell vehicle company Hyzon Motors, stating that “Hyzon's biggest customer is a fake shell company that was registered three days before the deal was announced. And the so-called second largest customer of Hyzon is not a real customer; it's just a partnership. Therefore, the company's orders and financial guidelines are also false.”

As of press release, Hyzon Motors has plummeted 25%, with a stock price of 6.9 US dollars, a market capitalization of 1.7 billion US dollars, and a turnover of about 41.65 million.

According to reports, Hyzon was spun off from Singapore's Horizon Fuel Cell Technologies Pte. The latter has focused on developing fuel cell technology for commercial applications for nearly 20 years. Hyzon Motors commenced operations as a fully operating hydrogen fuel cell vehicle company with a focus on the immediate deployment of zero-emission commercial vehicles worldwide.

July 19,Hyzon MotorsviaSPACHow to successfully list on the US NASDAQIt raised about 600 million US dollars in capital for the first time.