Fuel cell truck maker Nikola gets investment from safety specialist WABCO

WABCO Holdings (NYSE: WBC), a global supplier of technologies and services for commercial vehicles, has made a $10-million strategic investment in Nikola Motor Company, developer of a Class 8 hydrogen fuel cell truck.

The two companies also agreed to work together to develop safety technologies specifically designed for electric commercial vehicles, including electronic braking systems and traction and stability control technologies.

“As vehicles become increasingly autonomous, electric and connected, WABCO continues to be at the forefront of breakthrough technology innovation,” said WABCO CEO Jacques Esculier. “WABCO’s technologies, notably industry-leading braking, traction and stability control systems, continue to advance the transportation industry.”

Nikola unveils Class 8 hydrogen-electric truck

“WABCO is a vital business partner to enable autonomous driving, electronic braking, and stability control for trucks and trailers,” said Nikola Founder and CEO Trevor Milton. “WABCO is recognized as a global leader in safety and efficiency technologies for next-generation commercial vehicles.”

Nikola plans to begin testing its trucks with commercial fleets in late 2018, and launch full production in 2021.

 

Source: Wabco