Nikola Two

Bosch will supply key components to Daimler-Volvo fuel cell joint venture

German automotive supplier Robert Bosch will make and sell air compressors to Cellentric, the fuel cell joint venture of Germany’s Daimler Truck AG and Sweden’s Volvo Group AB.

Trucks and stationary fuel cells for data centers and other high-power installations are several years away. But Cellentric is beginning to contract for the major components it will need for mid-decade production. Air compressors govern the fuel-cell system’s oxygen supply.

Hydrogen-powered fuel cell commercial trucks are...

https://www.freightwaves.com/news/bosch-will-supply-key-components-to-daimler-volvo-fuel-cell-joint-venture

Nikola battles back: Electric truck startup seeks to calm investors

Nikola Corp. (NASDAQ: NKLA) is fighting back after three weeks of withering media coverage following a short seller’s fraud allegations that succeeded in crashing the startup electric truck maker’s stock. 

In a media tour that helped the company’s battered shares recover some of their lost ground, Nikola on Wednesday put CEO Mark Russell and recently named Chairman Steve Girsky into media interviews seeking to reset company fortunes with an all-is-well message.

Asked by FreightWaves what Nikola...

https://www.freightwaves.com/news/nikola-battles-back-electric-truck-startup-seeks-to-reassure-investors

GM deal with Nikola delayed beyond anticipated close

General Motors Co. (NYSE: GM) and embattled electric truck startup Nikola Corp. (NASDAQ: NKLA) will not close on a manufacturing partnership by Wednesday as the two companies predicted earlier this month.

“Our transaction with Nikola has not closed,” GM said in a statement provided to FreightWaves on Tuesday. “We are continuing our discussions with Nikola and will provide further updates when appropriate or required.”

A joint Nikola-GM press release on Sept. 8 said, “The parties anticipate...

https://www.freightwaves.com/news/gm-deal-with-nikola-delayed-beyond-anticipated-close

Nikola pilot plant to speed electric truck production

Nikola Corp. (NASDAQ: NKLA) will assemble electric trucks in a pilot plant on its 1-million square-foot manufacturing site in Arizona while plant construction proceeds in phases.

“It will be a hand-built, very, very low volume, very slow build,” Nikola global head of manufacturing Mark Duchesne told FreightWaves. “It allows us to gain the experience of building these trucks. [And it] allows us to get trucks to our customers as fast as possible.”

Nikoka marked the starting point for...

https://s29755.pcdn.co/news/nikola-pilot-plant-to-speed-electric-truck-production