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Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
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batteries

TotalEnergies and Valeo to jointly develop EV battery cooling systems

The two partners are thinking of an innovative way of cooling EV batteries by using a new dielectric fluid. TotalEnergies has developed a dielectric coolant that can be in direct contact with battery cells. Valeo will contribute its expertise in the related thermal systems to design and build the be...

Nikola has acquired electrification specialist Romeo Power

In the meantime, a few days ago Nikola founder and former CEO, Trevor Milton, was found guilty of three out of four counts of fraud in the U.S. Milton was charged with making fraudulent statements to drive up the value of Nikola’s stock.
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