- Nikola Corp NKLA.O, a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.
Nikola shares have nearly doubled since their debut on the Nasdaq last week, getting a bump on Monday after Milton tweeted that the company would open reservations for Badger on June 29. The production of Badger, which will compete with electric car maker Tesla Inc’s Cybertruck, is set to start in 2022 or earlier, Milton said. The pickup truck will be available in both electric and fuel-cell versions.
Milton also said deliveries of its electric commercial trucks, built in partnership with CNH Industrial, an Italian-American maker of Iveco trucks, would start in the second half of 2021.Nikola’s Ulm factory has a capacity to produce 35,000 trucks a year, Milton said. The company will break ground this year for one more factory in Arizona that will produce 35,000 commercial trucks annually.
Why aren’t you reporting on what’s going on in Seattle?
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