Turtle
Nikola is there:
This past March, Nikola began US production of its all-electric Tre truck in Coolidge, Arizona, followed by first deliveries in April. The automaker only reported 11 Tre deliveries for Q1 of 2022, but ramped up to 48 more in Q2, besting Wall Street’s expectations.
While the company continues to grow on its home turf, it has been developing BEV trucks for Europe as well, by virtue of a joint venture announced with fellow commercial vehicle brand IVECO that began years ago.
Initially, the companies announced plans for a manufacturing facility in Ulm, Germany, to build the Nikola branded trucks for Europe. Hours later, the joint venture announced a memorandum of understanding with the Port Authority of Hamburg to provide 25 Tre BEVs in 2022.
The Ulm facility is now up and running, and Nikola Corporation has begun taking orders from customers in Europe for their own unique version of the Tre BEV truck.
And to think, the SEC charged the CEO for misleading investors. Seems like they have a product.
