CNH Industrial to Invest $250 Million in Nikola Motor Co.
Startup truck manufacturer Nikola Corp. has secured a commitment of $250 million in funding from CNH Industrial N.V. — a leader in natural gas-powered trucks and buses and the parent company of Iveco trucks — in a move designed to accelerate the use of heavy-duty trucks that use battery-electric and fuel cell technologies in North America and Europe.
Nikola Receives $1.7 Million Research Grant From DOE
Nikola Motor Co. announced it has been awarded a $1.7 million grant by the U.S. Department of Energy to advance research into fuel cell membrane electrode assembly.
August 26, 2019Suppliers’ Input Helped Shape Nikola’s Class 8 Vision
SCOTTSDALE, Ariz. — The zero-emissions Class 8 models Nikola Motor Co. designed and is preparing to build reflect more than just a go-it-alone attitude by an entrepreneur with a vision of trucking’s clean future and the necessary infrastructure to support the trucks.
Editorial: Earth Day Salute to Cleaner Trucks
The launch of the Nikola Two tractor just days ahead of Earth Day — April 22 — was a fitting and, perhaps, deliberate gesture by the company to spotlight the trucking industry’s progress in improving its level of environmental responsibility.
April 17, 2019Nikola Rolls Out Trucks for Zero-Emissions Future
SCOTTSDALE, Ariz. — Nikola Motor Co. CEO Trevor Milton, 28 months after unveiling a prototype Class 8 sleeper, presented to about 2,000 attendees and a global audience watching online two heavy-duty trucks and three other specialty vehicles he said are ready to spark a zero-emissions future.
Unveiling of Nikola Two, Nikola Tre
Nikola Motor Company showcased five zero-emission products at its Nikola World event in Scottsdale, Ariz., April 16, 2019, including its hydrogen fuel cell Class 8 Nikola Two for long-range driving.
April 17, 2019ValueAct Bets on Success of Hydrogen Fuel With Nikola Motor
ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.
Nikola Chooses Mark Russell as President
Mark Russell has joined Nikola Corp.’s executive management team as president at a time when the company said it is poised to start production of several groundbreaking zero-emissions vehicles.
February 26, 2019Nikola Moves Closer to Marketing Hydrogen-Electric Trucks
LAS VEGAS — Nikola Motor Co. founder and CEO Trevor Milton said two key customers — private fleet Anheuser-Busch Cos. and truckload carrier U.S. Xpress Enterprises — will begin fleet tests of Nikola’s zero-emisssions hydrogen-electric Class 8 trucks by the end of the year, as the first shoots of the necessary fueling infrastructure are emerging in Phoenix.
Nikola to Expand Into Europe With Hydrogen-Electric Tre
Nikola Motor Co. announced it would begin production within five years in Europe of a heavy-duty, hydrogen-electric truck designed to be compatible with full autonomy as it expands its business beyond North America.