NKLA - Nikola signs deal aimed at helping customers find financing

Nikola (NASDAQ:NKLA) announced that it struck a deal with finance company ENGS Commercial to help facilitate sales of Class 8 Nikola Tre battery-electric vehicles and Nikola Tre hydrogen fuel-cell electric vehicles through financing options. Working directly through the Nikola dealer network, ENGS will offer customer finance solutions for the purchase of Nikola vehicles, charging assets and infrastructure requirements to offer a broad range of financial solutions. ENGS will also help Nikola and its dealers facilitate sales by offering floorplan financing solutions to the dealers, parts and service financing and other related capital requirements. "Our partnership with ENGS will strengthen our ability to help even more fleets transition to zero-emissions by offering a variety of innovative solutions for those customers that require alternative financing options," said Nikola Chief Financial Officer Kim Brady on the development. Shares of Nikola (NKLA) fell 0.10% in premarket trading to $10.39.

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Nikola signs deal aimed at helping customers find financing