Nikola Announces Secondary Stock Offering

Q2 Deliveries Mirror Surge in Momentum, Nikola Says


Nikola says it has delivered 76 Tre BEV vans wholesale up to now this 12 months (Nikola Corp.)

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Nikola Corp. delivered 45 battery-electric vans wholesale and 66 vans retail within the second quarter, the corporate introduced July 5.

The Phoenix-based zero-emission transportation and power provide options firm has delivered 76 Nikola Tre BEV vans wholesale up to now this 12 months. Its retail gross sales have been 99 models. Nikola can be persevering with its plan to scale back prices by concentrating on North America.

“It isn’t straightforward being a pioneer within the zero-emission Class 8 truck area, however we’re witnessing a outstanding surge in momentum,” stated Nikola CEO Michael Lohscheller. “We take nice satisfaction in our present achievements and the inflow of orders coming in for our soon-to-be-produced hydrogen gas cell electrical truck. I consider there has not been a greater time to be at Nikola as we transfer ahead, collectively.”

Nikola additionally introduced the identical day that it was awarded a $41.9 million grant to construct six heavy-duty hydrogen refueling stations throughout Southern California. The California Transportation Fee awarded the grant underneath the Commerce Hall Enhancement Program. The California Division of Transportation sponsored the appliance and can work in partnership with Nikola to deploy the hydrogen refueling stations.

“Nikola is thrilled to obtain this grant from the CTC,” stated Carey Mendes, president of Nikola Power. “This award, in collaboration with Caltrans, will enable us to speed up the deployment of zero-emissions hydrogen refueling infrastructure, which is significant for the profitable launch of our hydrogen gas cell electrical vans in July.”

Nikola stated the challenge furthers the Caltrans technique to incentivize and assist the event and adoption of zero-emission automobile freight expertise throughout the state. The six hydrogen refueling stations shall be designed to assist and scale up over time with the expansion of industrial quality hydrogen refueling wants whereas trying to maximise truck parking at every website.

The refueling stations additionally intention to enhance group well being by way of air high quality enhancements and fewer noise air pollution. Every station is meant to facilitate refueling for about 80 to 100 vans per station per day. They are going to be situated alongside freight corridors throughout the South Coast Air High quality Administration District, San Diego County Air Air pollution Management District and Mojave Desert Air High quality Administration District.

Nikola has not accomplished its quarterly evaluation course of or the preparation of its monetary statements for Q2. The corporate plans to announce full monetary outcomes Aug. 4.

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