Nikola Corp. is investing $50 million to buy a 20% stake in an Indiana clean hydrogen company to eventually supply fuel cell trucks in the Midwest.
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
After a delay in getting hydrogen infrastructure partners, Nikola cuts its second deal in a week, this one withTravelCenters of America.
A transmission pipeline will take hydrogen where Nikola needs it for fuel cell trucks it plans to build in Germany with IVECO.
Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.
Nikola is recasting its board of directors to make crisis management and business expertise available to management as the electric truck startup seeks to regain credibility lost after a stratospheric beginning as a public company.
Plug Power’s hydrogen solutions are expanding into Walmart e-commerce applications after proving effective in the company’s grocery and retail networks.
After three weeks of negative media following a short seller’s allegations of fraud, Nikola is fighting back. The startup electric truck maker showed a timeline of planned milestones to reel back fleeing investors and keep customers from canceling orders.