Why Hyzon Motors Crushed the Market on Monday

One of the newer next-generation auto stocks on the market, Hyzon Motors (NASDAQ: HYZN), had a day to remember on Monday. Hyzon announced that it has devised a new hydrogen onboard storage system that is considerably lighter and cheaper to manufacture than existing solutions. It explained that the patent-pending system "has the potential to reduce the overall weight of the system by 43%, storage system costs by 52%, and the required manufacturing component count by 75%, based on a single-rack system with capacity to store five hydrogen cylinders."