PTRA - Nikola and Proterra Reach Agreement for Battery Supply for Zero-Emission Class 8 Semi Trucks

Nikola Corporation (NASDAQ: NKLA) and Proterra Inc. (NASDAQ: PTRA) have reached a multi-year supply agreement to power Nikola zero-emission semi-trucks with Proterra’s battery technology. Proterra product is anticipated to be incorporated in the Nikola Tre battery-electric vehicle and Tre fuel cell electric vehicle.

“Class 8 trucks play a vital role in the U.S. and global economy but today are some of transportation’s worst polluters. Decarbonizing the trucking industry is core to Proterra’s mission and we are excited to join Nikola on this journey to help drive heavy-duty trucking to zero-emissions,” said Gareth Joyce, Proterra CEO.

“With the growing demand for the Nikola Tre BEV and FCEV, we have actively pursued battery supply through a dual source strategy,” said Mark Russell, Nikola CEO. “We look forward to collaborating with Proterra, which is expected to bring industry-leading heavy-duty EV battery solutions to Nikola’s battery-electric and fuel cell electric vehicle platforms.”

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