Nikola Corp

Nikola’s cash position improves but losses widen in Q2

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Nikola Corp. added $107 million in unrestricted cash to its balance sheet from asset and stock sales...

https://www.freightwaves.com/news/nikolas-cash-position-improves-but-losses-widen-in-q2

Nikola gets 3rd CEO in a year with Steve Girsky taking over

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Nikola Chairman Steve Girsky is taking over as CEO — the startup electric truck maker’s third chief...

https://www.freightwaves.com/news/nikola-gets-3rd-ceo-in-a-year-with-steve-girsky-taking-over

Nikola surpassess 200 orders for hydrogen fuel cell trucks

Nikola Corp., experiencing a rare week of positive news, said Wednesday it has 202 orders for hydrogen-powered fuel cell electric vehicles (FCEVs), a milestone unmatched in the nascent field for the zero-emission trucks.

The order bank covers bookings by 18 end users, some of which are trying out the trucks in demonstration programs. Most of the agreements are direct deals between fleets and Nikola dealers. Series production is underway at Nikola’s plant in Coolidge, Arizona. Deliveries are...

https://www.freightwaves.com/news/nikola-surpassess-200-orders-for-hydrogen-fuel-cell-trucks

Nikola clear to increase share count — thanks to Delaware rule change

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Delaware Gov. John Carney has signed legislation that clears the way for Nikola Corp. to double its...

https://www.freightwaves.com/news/nikola-clear-to-increase-share-count-thanks-to-delaware-rule-change

Nikola moves to liquidate battery pack maker Romeo Power

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Nikola Corp. is liquidating Romeo Power, the battery pack maker it acquired for $144 million in stock

https://www.freightwaves.com/news/nikola-moves-to-liquidate-battery-pack-maker-romeo-power

Nikola cashes out European JV and refocuses on fuel cells at home

Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders.

The end of the joint venture, formed in 2019 when CNH Industrial invested $250 million in cash and partial ownership of a plant in Ulm, Germany, far from ends the relationship.

Iveco gets a license to keep developing...

https://www.freightwaves.com/news/nikola-cashes-out-european-jv-and-refocuses-on-fuel-cells-at-home

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