Nikola licenses Bosch fuel cells for module assembly in Arizona

Nikola Corp. is going all-in on hydrogen fuel cells with Bosch Group, licensing the German supplier’s technology to assemble modules for Class 7 and Class 8 heavy-duty electric trucks at its new plant in the Arizona desert.

The agreements cast doubt on the last vestige of a memorandum of understanding for Nikola (NASDAQ: NKLA) to possibly use fuel cell technology from General Motors.

“We evaluated all the options and are launching our vehicles with the fuel cell modules from this agreement,” a...

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