• Nikola Motor Company (Nikola), a developer of heavy-duty battery electric vehicles (BEV) and fuel-cell electric vehicles (FCEV), has signed a letter of intent with Heniff Transportation Systems, a liquid bulk transport provider, to supply 10 “Nikola Tre” BEV trucks. It intends to deliver 90 more trucks upon the successful delivery of the first batch.

• Deliveries are planned to commence in H1 2022.

<ul><li> Analyst QuickTake: Today’s news adds more trucks to Nikola’s growing BEV order book. Recent pre-orders include a May 2021 deal with Total Transportation, a California-based port trucking company, to supply 30 BEV trucks by late 2022; a September agreement with Hamburg Port Authority to supply up to 25 Nikola Tre BEVs by 2022; and an agreement in October with beverage distributor Tri-Eagles Sales to lease out 10 BEVs.</ul>