The company announced increased sales in 2023, with 526,053 trucks and buses sold compared with 520,291 in 2022. Despite supply chain issues, it tripled its BEV sales in 2023 to 3,443, or 277% more than in 2022 (914 units).

Walenczak is an internal promotion, having served two years as Kenworth's assistant GM for sales and marketing.

The company has appointed Dr Christian Mohrdieck as Chief Technology Officer (CTO), effective immediately. Hyzon stated that Mohrdieck will oversee all product commercialisation, specifically focusing on the start of production of its single-stack 200kW Fuel Cell System (FCS), scaling up manufacturing and advancing the company’s R&D operations.

The 12.1 metre (40 foot) Mega Beast boasts an impressive 482 km (300 miles) range thanks to a 387 kWh battery pack, which the company claims is the most powerful battery pack in the U.S. electric school bus market.

Four Type A Nano Beast school buses have been delivered to Cabell County, Clay County, Kanawha County and Monongalia County school districts in West Virginia.

Sophie Tricaud, Director of Communication and Public Affairs at Forsee Power in response to T&BB confirmed that building works in Ohio is now complete and that the production lines were being installed, with series production scheduled to start in Q3 2024.

The company is set to supply BAE Systems with its Forsee Zen Plus battery system to equip BAE’s Gen3 powertrain on a class 7 demonstration truck. The batteries will be produced at Forsee’s new manufacturing facility in Columbus, Ohio, beginning in Q1 2024.

The project encompasses the deployment of several electric BYD yard tractors equipped with Wave wireless charging (inductive) technology set to be deployed at the customer's distribution centre in Salt Lake City in Q1 2024.

The Board of Directors has approved the decision to repurchase USD 60 million of its common stock over the next 24 months (two years). The transaction will be funded by the company’s cash reserves.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Beginning in 2025, Forvia will supply its Type IV hydrogen storage systems for medium-duty commercial trucks in the North American market.

Jill Greene is appointed as the Executive Vice-President, Group General Counsel and Board Secretary whilst MA Chuan has been appointed Executive Vice-President of China. Both will report directly to CEO, Patrick Koller.