Tesla rivals Nikola and Voltera agree on a partnership for hydrogen filling stations

• Nikola: Hydrogen truck restart after fraud allegations
• No ICE trucks in the US by 2036
• Up to 50 HYLA stations in North America in the next 5 years

Founded in Salt Lake City in 2014, Nikola is now based in Phoenix, Arizona. Recently, the listed company made headlines because of allegations of fraud. Company founder Trevor Milton had made false statements about the functionality of his own fuel cell trucks, which is why he had to give up his position as boss. As a result, investors were deterred and the share price collapsed in double digits in some cases.

Now the US company, under the direction of former Opel boss Michael Lohscheller, is trying to try new hydrogen trucks. A partnership was signed with Voltera for the development of the associated filling stations for the necessary infrastructure for refueling the vehicles.

Fuel cell trucks on long-haul routes

There are changes in California: The regulatory authority California Air Resources Board decided to ban new combustion trucks from 2036. The USA is meanwhile in hydrogen fever, reports the Handelsblatt from the leading trade fair for sustainable transport in Anaheim. Many zero emission trucks and charging concepts will be presented. “We will say goodbye to fossil fuels. Zero-emission vehicles are the future,” Peter Voorhoeve, Volvo Trucks North America boss, told Handelsblatt.

A fully electric future is not feasible. The range is too limited and the load on the power grid too great, Voorhoeve told reporters. Fuel cell trucks will prevail on long-haul routes in the future. Lohscheller sees the future of Tesla rivals in hydrogen trucks. “We will start series production of our hydrogen truck Tre FCEV in August,” he told Handelsblatt. Up to 150 trucks are to be delivered in 2023. “The hydrogen truck has 170 miles more range and weighs 4,000 pounds less,” said the former Opel boss.

50 HYLA stations in North America

Fuel cell trucks have to be refueled. For the necessary infrastructure, Nikola has signed an agreement with Voltera, according to which up to 50 HYLA stations are to be set up across North America over the next five years, reports Benzinga. “Volterra’s expertise in building zero-emissions infrastructure will be an important enabler for Nikola’s first hydrogen trucks and fueling infrastructure,” said Carey Mendes, President of Nikola Energy.

Editorial office finanzen.net

Selected leveraged products on NikolaWith knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired lever and we will show you suitable open-end products on Nikola

Leverage must be between 2 and 20

No data

More news about Nikola

Image sources: Julio Ricco / Shutterstock.com, Anusorn Nakdee / Shutterstock.com

ttn-28