Recent filings paint a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.
Nikola, a Phoenix-based manufacturer of zero-emissions trucks, announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.
General Motors and Autocar Industries are collaborating to create a range of hydrogen powered heavy-duty vehicles.
Hydrogen’s historical link to the Hindenburg disaster is receding as its use as a transportation fuel grows.
Once dismissed as a far-off technology, hydrogen fuel cells and infrastructure are getting buzz at the Advanced Clean Transportation Expo.
Transportation secretary takes on lawmakers’ concerns on truck and rail issues while defending his department’s $145 billion fiscal year 2024 budget request.
Advantages of hydrogen-electric trucks were touted at Senate hearing while ATA warned against aggressive timelines.
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks.
While hydrogen fuel cells offer a promising alternative to ozone-threatening diesel engines, creating an electric-friendly infrastructure will require dedication from government regulators, equipment manufacturers and industry players alike.
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
Fuel savings realized from the SuperTruck II program could translate to less battery mass and greater driving range for electric trucks.
Truck Talk is a FreightWaves’ newsletter covering the trucking ecosystem with perspective and context.
An “unprecedented outlook for hydrogen fueling station network development in California” contains bold expansion plans for the state. The California Air Resources Board report expects to see capacity for 250,000 fuel cell electric vehicles by 2026.
The automaker is committing to hydrogen as its fuel of the future — and not just for its commercial vehicles.
As hydrogen grows as a fuel source for long-haul trucking, Nikola Motor Corp. is finding ways to bring down the cost of manufacturing the fuel.
A Shell and Deloitte joint study addresses economic, technical and regulatory factors related to decarbonizing road freight.
Plug Power’s hydrogen solutions are expanding into Walmart e-commerce applications after proving effective in the company’s grocery and retail networks.
The European Commission has released its Sustainable and Smart Mobility Strategy. Massive investments and infrastructure are needed to meet the EU Commission’s sustainability milestones.
Trucking is going sustainable. Find out the details on AFVs, FTLs, automation and what new regulations to expect next year.
Andrew and Kevin are again joined by Freight Intel Group member Seth Holm to present the case for Walmart doubling in size. Next, we discuss how big the hydrogen truck stock bubble is and debate which department stores are at the biggest risk of bankruptcy. As always, a special thanks to our friends at CarrierDirect […]
The California Air Resources Board has mandated a percentage of zero-emission Class 8 trucks must be built for sale in California. Darren Prokop’s commentary covers the ins and outs of this regulatory mandate.
To watch the stock of Nikola Motors, the company that has raised millions to produce a hydrogen-produced truck, you’d think that the day of the diesel engine was going to end soon. But that isn’t the case. Allen Schaeffer, the executive director of the Diesel Technology Forum, joins host John Kingston on the Drilling Deep […]
Toyota and Hino, its heavy truck subsidiary, are offering few details on an Asian heavy-duty truck fuel cell program that complements Toyota’s Oceans 10 project with Kenworth Truck Co. in the U.S.
For fleets that run throughout the day and need high utilization, hydrogen fuel cells offer great value for investment, while also creating zero emissions.
The stories that will keep you in front of the pack.
Electric trucks in big numbers are still years away, but interest among truck makers and fleets is widespread and growing.
The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel cell electric model will follow in 2023.
Cummins Inc. is winding down its centennial anniversary as the trucking industry it serves also slows. But the company has a history of emerging stronger from downturns.
With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California where the good can be the enemy of the great.
Daimler AG is targeting 2039 to sell only battery- and hydrogen-powered fuel cell electric trucks in its key markets. But the pledge comes with several caveats.
Fuel-cell maker not worried about China’s decision to slash hydrogen vehicle incentives.
The country becomes the first to join international Drive to Zero initiative for trucks, cargo vans and buses.
Pilot with Alberta carriers aims to test the viability of fuel cells with heavy hauls.
Nikola executive Elizabeth Fretheim’s journey to a company developing zero-emissions trucks had an unlikely start in Canada’s oilpatch.
Nikola Motor Company formally introduced its hydrogen-electric tractors, the Nikola Two and Nikola Tre (for Europe) at Nikola World 2019. Here are some photos from the event.
Nel Hydrogen and Nikola Motor are working together to ensure that as Nikola begins deployment of its hydrogen-electric trucks, there is hydrogen fueling stations in place to support them.
If you can get your hands on a Nikola Two hydrogen-electric truck in the near future, it could save you money compared to a diesel model, the company said. Getting one, though, will be hard due to early demand.
Nikola Motors is setting up its hydrogen truck manufacturing plant in Arizona, which is expected to roughly bring about 2,000 jobs by 2024.
Funding announced as investment heats up for low-carbon fuel technology.
New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.
The Nikola Motor tractor is powered by a hydrogen-electric engine and has earned the company Number 24 on the FreightWaves’ Research Institute Freight.Tech 25.
The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger.
As it continues work toward disrupting the traditional diesel-powered truck market in North America, Nikola Motor Company is eyeing another continent: Europe.
After reviewing 30 site locations, Nikola Motor Co. has announced that Buckeye, AZ – just outside Phoenix – will be the location for its manufacturing headquarters.
