Nikola Tries to Ignite Market place for Its Hydrogen Gas-Cell Vans

As Nikola founder stands demo on securities-fraud charges, a revamped administration crew is pushing to make the business the very first to marketplace hydrogen-powered industrial trucks in the U.S.—and to triumph over manufacturing and credibility challenges that have weighed on its shares.

The seven-12 months-old company’s initial battery-run electric vans rolled off the assembly line this yr, and all around 300 are anticipated to be constructed by the conclusion of 2022. Nikola explained it programs to get started making weighty-duty trucks run by hydrogen gas cells following yr. The Arizona-based mostly startup stated it has orders for about 1,500 vehicles in whole for its battery and hydrogen gas-mobile models, designed to pull semitrailers with freight.