Nikola exits European joint venture to focus on hydrogen trucks in North America

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Nikola exits European joint venture to focus on hydrogen trucks in North America
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Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.

Production of Nikola's next model, a longer-range fuel-cell powered version of its semitruck, is on track to begin in July as previously expected.Nikola said it will temporarily suspend production of the battery-electric truck while it reconfigures its assembly line to build both the battery-electric and fuel-cell trucks.

"As we move forward, we will be focusing on the North American market, hydrogen fuel cell trucks, the HYLA hydrogen refueling business, and autonomous technologies," CEO Michael Lohscheller said. "We have the right products at the right time."

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