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Have to agree. Just look at the market valuation for a company with no current products, no infrastructure and an expensive projected product relying on unproven technologies.
 

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Like a lot of EV 'manufacturers' ... I reckon if it takes more than 2 years after announcement to get something buyable out the door it will probably never happen.
 

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Nothing will be delivered in two years. Neither a semi or H2 infrastructure. :devilish:
 

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I think they are letting partners do most of the work. They don’t employ many people. Bosch are building the power train, Iveco will build the first vehicles (in Europe). In principle it could be an effective strategy.
US stock market valuations can be quite extreme but the nuts market cap gives them room to spend money.
 

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Yeah, thing is if they borrow money to build the infrastructure even with a roi off 10 years you're looking at 12+cents per kWh, just to use the pumps.

Unless pump prices drop, get faster or there's a physics busting cell stack invented on the usage side... You just can't change those numbers.

Then add delivery, production and base electric cost off the actual hydrogen and this makes very little sense.

Unlike batteries h2 costs are very near the physics maximums. There is very little to fat to cut.
 
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Unlike batteries h2 costs are very near the physics maximums. There is very little to fat to cut
There's potential to build solar farms for direct H2 production, but the issue remains the need to install it in sufficient locations to make journeys practical. Whilst the same issues exist for Tesla they are closer to achieving them.
 

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There's potential to build solar farms for direct H2 production, but the issue remains the need to install it in sufficient locations to make journeys practical. Whilst the same issues exist for Tesla they are closer to achieving them.
Yeah but even free hydrogen is 12c a kWh... JUST TO USE THE PUMPS!
 
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