Nikola Corp , 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."There are three in the running right now for a joint venture on Badger, and we will announce who that is in the next few months," Milton, who is also the company's executive chairman, told Reuters.
Nikola claims Badger has a range of 600 miles, compared with Cybertruck's range of more than 500 miles. 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.
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