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Hydrogen Trucks

All articles tagged with #hydrogen trucks

businesstechnology1 year ago

"Nikola Exceeds Q1 Hydrogen Truck Delivery Estimates, Outperforms Tesla in Electric Big Rigs"

Nikola exceeded first-quarter delivery estimates for its hydrogen big rigs, delivering 40 vehicles compared to the estimated 30. The company aims for further sales growth as it opens refueling stations and pivots to hydrogen technology. Despite challenges in the EV industry, Nikola's shares rose 10%, showing signs of progress after facing setbacks including the founder's fraud conviction and a recall of its battery-powered trucks.

via Yahoo Finance|
#businesstechnology#deliveries#electric-vehicles
business-automotive1 year ago

"Nikola Exceeds Q1 Hydrogen Truck Delivery Projections, Surpasses Tesla in Electric Big Rigs"

Nikola exceeded first-quarter delivery expectations for its hydrogen big rigs, delivering 40 vehicles compared to the estimated 30, signaling progress in its shift to hydrogen technology. The company aims for further sales growth with the launch of HYLA hydrogen fueling solutions and the opening of two refueling stations in California and Alberta. Despite facing challenges and a tumultuous past, including a significant drop in share value and a recall of battery-powered trucks, Nikola's stock rose 10% following the positive delivery figures.

via Reuters|
#business-automotive#deliveries#electric-vehicles
business2 years ago

Nikola shifts focus to North America as Iveco takes full control of European joint venture.

Nikola is exiting its European joint venture with Iveco Group to focus on North America and hydrogen fuel cell trucks. The company reported a Q1 net loss of $169.1m, with adjusted loss per share of 26 cents. Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter, with 33 sold to end customers. The company will temporarily suspend production of the battery-electric truck while it reconfigures its assembly line to build both the battery-electric and fuel-cell trucks. Nikola currently has orders for a total of 140 fuel-cell trucks for 12 fleet customers.

via CNBC|
#business#european-joint-venture#hydrogen-trucks
business2 years ago

Iveco takes full ownership of Nikola joint venture for electric and hydrogen trucks.

Italian truckmaker Iveco is set to acquire full ownership of its joint venture with US start-up Nikola, which develops battery electric and fuel cell heavy-duty trucks. The deal will have a €44m ($48m) negative impact on Iveco's Q1, but the company expects to absorb it through cash flow generation without changing its cash flow target for this year. As part of the agreement, Iveco will focus on Europe for the further development and commercialisation of its own battery electric and fuel cell electric trucks, while Nikola will concentrate its operations in North America. The two companies will continue to share and develop certain common technologies.

via Yahoo Finance|
#business#electric-trucks#hydrogen-trucks