Hexagon Purus SPAC Presentation Deck
China is expected to be the biggest market mid-term, followed by
EU and the US
0.2
HEXAGON PURUS' ADDRESSABLE HYDROGEN
CYLINDER REVENUE POOL (USDBN)
2020E
China
Source: Company, third-party consultant
5.5x
EU
1.1
2025E
US
6.3x
Japan and Korea
6.9
0.2
1.2
1.0
1.8
2.7
2030E
ROW
***
Represents the main driver of FCEV truck volumes because of large
truck fleet, despite having similar adopting rates as e.g. Japan and
South Korea
Large domestic automotive industry increasingly active in FCEVS
Europe expected to be a frontrunner market (within FCEV) because
of government regulations to reach emission reduction targets in
commercial applications
US addressable market significantly lower than EU due to less
ambitious states assumed to have lower hydrogen adoption rates
than e.g. California, and 70% of US car sales are in less climate
ambitious states
Positive traction in the truck market driven by the automotive industry
Large domestic automotive industry increasingly active in FCEVS
Japan and South Korea expected to have high hydrogen adoption
rate due to strong government support for hydrogen mobility
TM
HEXAGON
PURUS
% of addressable
market in 2030E
-39%
-26%
-14%
O
-17%
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