Nikola to start out promoting its hydrogen fuel-cell vehicles in late September

Nikola
NKLA,
-4.64%
is ready to start promoting its hydrogen fuel-cell vehicles on the finish of the month, the corporate’s chief govt stated.

Chief Executive Steve Girsky stated the corporate deliberate to ship hydrogen-powered vehicles in late September and early October. Nikola has obtained 210 non-binding orders for the brand new line of vehicles, together with from massive fleet operators, Girsky stated.

The firm started manufacturing of its long-awaited hydrogen fuel-cell vehicles over the summer season, and Girsky stated the primary accomplished truck got here off the manufacturing line two weeks in the past.

Nikola has been grappling with a voluntary recall of its battery-electric vehicles after an investigation discovered {that a} battery defect seemingly induced a fireplace in considered one of its autos. The firm has stated that the recall has not affected manufacturing of its hydrogen-powered vehicles.

Source web site: www.marketwatch.com

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