The American Nikola Corp has announced the start of mass production of electric trucks. It turned out that the release of Tre models began on March 21 of this year in Arizona – the company was able to overtake Tesla, which intends to produce its own electric models for a similar purpose.
As the company’s representatives said during the presentation, the start of deliveries is expected in the second quarter of this year. Yesterday, after the close of trading, amid the news, the price of Nikola shares rose 4%.
The battery-electric Tre version is designed for short trips (approx. 560 km). Nikola expects to deliver 300-500 trucks this year, with a further increase in production in 2023.
Nikola shares have fallen since CEO Trevor Milton left the company in 2020 as a result of investor misinformation and other wrongdoing.
Now Nikola plans to add a hydrogen fuel cell version to the Tre battery model with a range of up to 800 km, and in 2025 the company intends to introduce a new generation of hydrogen cells that will allow the car to be charged and drive almost 1,500 km . The hydrogen version is expected to be delivered from the end of 2023.
Already at the end of February it was reported that Nikola plans to start mass production of trucks from March 21, so the timely start of production coincides with the statements of the company itself and the forecasts of industry experts.