Nikola tries to ignite the market for its hydrogen fuel cell trucks

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Nikola tries to ignite the market for its hydrogen fuel cell trucks
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As Nicholas founder is on trial for securities fraud, a revamped management team is working to make the company the first to market commercial hydrogen trucks in the United States and overcome production and credibility issues that have plagued its shares.

The seven-year-old company’s first battery-powered electric trucks rolled off the assembly line this year, and around 300 are expected to be built by the end of 2022. Nikola said he plans to start to produce hydrogen-powered heavy-duty trucks. cells next year. The Arizona-based startup said it has orders for about 1,500 trucks in total for its battery-powered and hydrogen fuel-cell models, designed to pull tractor-trailers with cargo.

wsj

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