TECH - What Next For Nikola After Fire-Riddled Recalls? BEV Truck Maker Outlines Strategy | Benzinga
Nikola Corp (NASDAQ:NKLA) outlined its post-recall strategy on Thursday, following the callback initiated in August for all its battery electric trucks due to multiple fire incidents. The company attributed the fires to coolant leaks within the battery packs and instructed dealers and customers to return the vehicles for monitoring and repairs.
What Happened: The ongoing investigation into the battery issues involves three independent groups in addition to Nikola’s team, as revealed by CEO Steve Girsky during the company’s third-quarter earnings call.
“During these investigations, it was discovered that additional process and design changes may be necessary, and that cell level issues may need to be ...