Search Results Found For: "nikola"

Nikola liquidates Romeo’s battery assembly assets: auction ends July 13

Electric truck maker Nikola is liquidating the assets of battery maker Romeo Power, which it acquired last August for about $144 million. Nikola, which also sources batteries from LG Energy Solution and Proterra, hoped that bringing battery manufacturing in-house would enable operational improvement and cost reductions. For whatever reasons, it doesn’t seem to have worked… Read more »

California truck dealer adds Nikola battery-electric semi-trucks to EV lineup

Southern California-based Tom’s Truck Center offers a variety of EV models, including GreenPower EV Star Cargo vans, Ford E-Transit vans, and REE EV Platforms. Now the dealership has added the Nikola Tre Class 8 battery-electric truck to its lineup. The Tre is now available for sale at Tom’s two locations in Santa Ana and Santa… Read more »

LAX takes delivery of Nikola Class 8 electric truck

Los Angeles World Airports (LAWA), the agency that operates Los Angeles International Airport (LAX),  is gradually electrifying its fleet of more than 1,100 vehicles. It currently has in service or on order some 26 Ford F-150 Lightning trucks, 10 Ford Mach-E SUVs, 120 electric sedans, 32 electric trucks and 27 electric buses. The latest addition… Read more »

Nikola acquires Romeo Power to bring battery pack production in-house

Colorful electric truck startup Nikola Motor (NASDAQ: NKLA) will acquire energy storage specialist Romeo Power (NYSE: RMO) in an all-stock transaction. The deal values Romeo’s equity at approximately $144 million. Headquartered in Cypress, California, Romeo is focused on designing and manufacturing battery modules and packs for commercial vehicles. As Romeo’s largest customer, Nikola expects the… Read more »

Proterra to supply batteries for Nikola Class 8 trucks

Nikola and Proterra have announced a multi-year supply agreement to power Nikola’s zero-emission Class 8 semi-trucks with Proterra’s battery technology. Proterra’s US-made battery systems feature a customizable design to fit within a variety of vehicles. The companies expect to incorporate Proterra’s products in the Nikola Tre battery-electric vehicle and Tre fuel cell electric vehicle. Proterra… Read more »

GM to manufacture Nikola Badger pickup, will also provide batteries and fuel cells

Nikola Motor and GM have announced a strategic partnership under which GM will engineer and manufacture the Nikola Badger pickup truck, which will be built in fuel cell and battery-electric versions. Nikola will use GM’s Ultium battery system and Hydrotec fuel cell technology. The Badger will still bear the Nikola brand, and Nikola will be… Read more »

Nikola receives order for 2,500 electric refuse trucks

Zero-emission truck startup Nikola has secured an order for at least 2,500 electric refuse trucks (expandable up to 5,000) from Republic Services, the second-largest solid waste hauler in the US. Nikola says on-road testing is “likely to begin in early 2022,” and deliveries will begin in 2023. The new trucks will use Nikola’s Tre powertrain…. Read more »

Nikola founder Trevor Milton on fuel cells, batteries and a pay-per-mile model

In these troubled days, the world is divided into two hostile camps—each faction demonizes the other, and refuses even to listen to the other side’s arguments. Families have been torn apart, and sometimes it seems people are about to come to physical violence, or even block former Facebook friends. But what if the batteries-vs-hydrogen debate… Read more »

Guidehouse Insights report identifies Rivian, Nio, and Nikola as “leading EV upstarts”

Global interest in plug-in vehicles continues to grow, but Big Auto continues to take only timid and halting steps toward electrification. This presents opportunities for bold new competitors to establish footholds in the auto market of the future. A new report from Guidehouse Insights identifies some of the “leading EV upstarts.” Guidehouse notes that momentum… Read more »

CNH Industrial invests $250 million in fuel cell truck maker Nikola, plans to enter European market

Dutch commercial vehicle maker CNH Industrial plans to form an exclusive partnership with Nikola, an Arizona manufacturer of Class 8 heavy-duty trucks powered by hydrogen fuel cell and battery technology. CNH Industrial will take a $250-million strategic stake in Nikola as the lead Series D investor. CNH will provide $100 million cash and $150 million… Read more »