All Updates

All Updates

icon
Filter
Earnings/results
Nikola to begin trial production in June; secures 100 more preorders in Q1 2021
Truck Industry Tech
May 7, 2021
This week:
Product updates
Hexagon unveils Advanced Compensation for metal 3D printing
Additive Manufacturing
Nov 22, 2024
Funding
Eden AI raises EUR 3 million in seed funding to accelerate product development
Generative AI Infrastructure
Nov 21, 2024
M&A
Wiz acquires Dazz to expand cloud security remediation capabilities
Next-gen Cybersecurity
Nov 21, 2024
Partnerships
Immutable partners with Altura to enhance Web3 game development and marketplace solutions
Web3 Ecosystem
Nov 21, 2024
Funding
OneCell Diagnostics raises USD 16 million in Series A funding to enhance cancer diagnostics
Precision Medicine
Nov 21, 2024
Partnerships
BioLineRx and Ayrmid partner to license and commercialize APHEXDA across multiple indications
Precision Medicine
Nov 21, 2024
Product updates
SOPHiA GENETICS announces global launch of MSK-IMPACT powered with SOPHiA DDM
Precision Medicine
Nov 21, 2024
Product updates
Biofidelity launches Aspyre Clinical Test for lung cancer detection
Precision Medicine
Nov 21, 2024
Partnerships
Spendesk partners with Adyen to enhance SMB spend management with banking-as-a-service solution
Business Expense Management
Nov 21, 2024
M&A
Mews acquires Swedish RMS provider Atomize to enhance Hospitality Cloud platform
Travel Tech
Nov 21, 2024
Truck Industry Tech

Truck Industry Tech

May 7, 2021

Nikola to begin trial production in June; secures 100 more preorders in Q1 2021

Earnings/results

  • Nikola Motor Company (Nikola), a developer of heavy-duty battery-electric vehicle (BEV) and fuel cell electric vehicle (FCEV) trucks, reported its Q1 2021 results today and revealed that the company is nearing completion of its manufacturing facility in Ulm, Germany, which started as a joint venture (JV) with the Italian alternative fuel-powered vehicle manufacturer, IVECO. The company plans to begin trial production in June this year while also developing another facility in Coolidge, Arizona.

  • The company has commissioned and validated testing of its first batch of five beta Nikola Tre BEVs produced at its German facility in Q1 2021. The second batch of beta Nikola Tre BEVs is nearing completion at the same facility, with plans to ship them to the company's headquarters in Arizona for testing. The company has also started assembling Nikola Tre FCEV alphas at its two facilities in Germany and Arizona this quarter.

  • Nikola also announced a collaboration with Total Transportation, a California-based port trucking company, for vehicle trials at the Port of Los Angeles and Long Beach and signed a letter of intent (LOI) to order 100 Nikola BEV and FCEV semi-trucks. 

  • Nikola develops hybrid (battery-electric and hydrogen electric-powered) heavy-duty trucks, as well as energy infrastructure solutions. The company has announced several zero-emissions vehicle design concepts since 2016, including Nikola One, Nikola Two, Nikola Tre, and Nikola Reckless.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.