Nikola cuts workforce, slows production of loss-making electric trucks
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
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.
Types of vehicles on the road
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.