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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 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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