NKLA - Nikola Group and Iveco expand partnership

2023-05-09 02:14:55 ET

• Iveco Group and Nikola ( NASDAQ: NKLA ) enter a new phase of their partnership, which started in 2019 to leverage the expertise to deploy zero-emission heavy-duty (Class 8) trucks in North America and Europe.
• The two companies worked jointly at a steady pace, despite Covid-19 and supply chain challenges.
• Iveco Group will concentrate on Europe for the further development and commercialisation of its own battery electric and fuel cell electric trucks and Nikola will focus its operations in North America, with an integrated approach to its customers, offering BEV, FCEV and hydrogen infrastructure via its HYLA brand.

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