nikola

The Arizona-based truck manufacturer is running out of money. It's not easy to make money and return on the huge investments made to start production in Phoenix in the current, challenging hydrogen market in the U.S.

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...

Due to high production costs, Nikola might leave 135 people at home, about 15% of the company's overall workforce. The U.S.-based truck maker laid off more people in 2022 and in 2023.

“This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station,” said Nikola CEO Steve Girsky. “Despite overall market headwinds, Nikola remai...

“We are firmly on the field and are continuing to secure our first-mover advantage in zero-emissions Class 8 trucks in North America, as well as with our HYLA hydrogen refueling solutions”, said Nikola CEO Steve Girsky.

Walmart Canada is the very first major retailer in Canada to introduce a hydrogen fuel cell electric semi-truck to its fleet. “We’re proud to be introducing Walmart Canada’s first hydrogen fuel cell electric vehicle as a major milestone on our journey to becoming a regenerative company,” said Gonzal...