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Nikola Bets on Hydrogen Truck as Battery-Fire Fallout Expands
Firefighters at the scene of a fire at Nikola’s headquarters in Phoenix, Arizona in June.
Source: Phoenix Fire DepartmentThis article is for subscribers only.
Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year following recent battery fires.
The manufacturer has 277 non-binding orders from 35 customers for the fuel cell-powered version of its semi truck, which formally launched in late September, Nikola said Thursday in a statement that also detailed quarterly earnings. The company didn’t specify when it plans to fulfill those agreements.