(News Bulletin 247) – In great difficulty, the manufacturer of hydrogen cars requested the suspension of the listing of its title Thursday morning, pending the publication of a next press release.

Hopium is shut down this Thursday. In a press release relayed by its press agency, the hydrogen car manufacturer announced this Thursday morning that it had asked Euronext to suspend the listing of its title on Euronext Growth, “pending the publication of a next press release”, according to the established formula. The Hopium title is suspended on a last price of 0.90 euro, Wednesday evening.

A suspension of listing results in a temporary halt in the listing of a security on the market, in order to “protect the title and guarantee the proper circulation of information, at a given time, to all investors”.

This course suspension is probably not unrelated to Hopium’s financial situation. At the origin of the Machina, a high-end French hydrogen car, the young company founded by former racing driver Olivier Lombard is struggling to bring out its hydrogen car project for individuals.

And the accounts presented last May testify to the difficulties of the designer of the Machina who had nevertheless caught the eye of Crédit Agricole Consumer at the end of the last Paris Motor Show, in October 2022.

Last year, the company indeed widened its losses a little more to 23.8 million euros against an already negative net result of 8 million in 2021. Hopium is spending a lot and has still not generated a single euro in turnover.

To make matters worse, the start-up had also indicated that it had muted the development of the Machina and had then no longer committed to a release date for its vehicle. The Hopium company was counting on the marketing of its Machina in 2025.