Hydrogen truck firm HVS “on the brink of collapse”

British hydrogen truck company HVS described itself as being “on the brink of collapse” in a press release dated 13 February 2025, prompting it to shift from a manufacturing model to a licensing one. It blames its current situation on the “misjudgments of former leadership”, which saw it over-concentrate its resources on manufacturing— “a path that has proven financially untenable and unsustainable.”