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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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Walmart Canada to add Nikola hydrogen fuel cell truck to its fleet

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...

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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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Nikola launches new hydrogen brand HYLA

“The HYLA brand represents Nikola’s hydrogen-focused energy business by supporting our fuel cell electric vehicles and those of other OEMs,” added Carey Mendes, President, Nikola Energy. “Hydrogen energy is the catalyst for the HYLA brand and serves as a forward-looking solution for our customers"....

Nikola and Plug Power sign supply agreement for mutual collaboration

According to the agreement, Plug Power will purchase up to 75 Nikola Tre FCEVs over the next three years, with the first trucks being delivered in 2023. Plug Power has been selected to provide its fully integrated liquefaction system for the recently announced Nikola hydrogen hub project.

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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