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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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Norwegian fuel cell maker TECO 2030 files for bankruptcy

"The board of directors has decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations", was written in an official note.

Highlights

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...
News

fuel cell

Ballard and Ford Trucks to partner on fuel cell truck development

The 120 kW FCmove-XDTM fuel cell engines are planned to be integrated into Ford Trucks’ F-MAX 44-ton long-haul tractor truck. Upon the successful completion of the development program and subject to certain other conditions, Ballard may be named as the preferred supplier for the serial production of...

Nikola and hydrogen-related company BayoTech to become partners

Nikola plans to acquire up to 10 BayoTech HyFill transport trailers, facilitating the distribution of high-pressure gaseous hydrogen from the production sites to refueling stations that serve fuel cell electric vehicle fleets. In return, BayoTech is expected to purchase up to 50 Nikola Class 8 hydro...
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