Replies to post #4815 on Nikola Corporation (NKLA)

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Nikola showcases German plant nearing first production of electric trucks
September 15, 2021

Ulm plans

Russell followed Milton to Nikola from metals manufacturer Worthington Industries Inc., which acquired one of Milton's earlier business ventures. Last month, the CEO cut Nikola's projection for initial deliveries this year to 25 to 50 trucks, citing shortages of semiconductors and other parts. Although scarce supplies of chips could render the vehicles ineligible for sale, Nikola still plans to deliver them to customers for testing and charge for them once they're retrofitted with missing parts.

Next year, the Ulm facility will build as many as 100 trucks, with demand "far exceeding capacity," Iveco CEO Gerrit Marx said. The plant will eventually be able to make 3,000 trucks annually across three shifts. Nikola plans to open its second site in Coolidge, Arizona, next year to produce fuel cell-powered trucks.

Nikola and Iveco have invested 40 million euros ($47 million) to upgrade the latter company's chassis engineering hub in Ulm for final assembly of the Tre. The heavy-duty truck with a driving range of 560 kilometers (348 miles) is designed for shorter trips, such as moving freight within industrial ports or garbage collection. It will be built off an Iveco platform with modules from the manufacturer's factories in Spain.

Nikola is handling vehicle controls, including driver-facing software, and proprietary technology related to designing the Tre's 4.5-ton battery pack.

Hamburg accord

In addition to unveiling their joint-venture facility on Wednesday, Iveco and Nikola announced an agreement with the Hamburg Port Authority to test up to 25 battery-electric Tre trucks starting next year.

Iveco has stood by Nikola while other big-name partners have pulled back. General Motors Co. dropped a tentative plan to take a stake in the company and produce an electric pickup called the Badger. Their remaining agreement for Nikola to use GM's hydrogen fuel cell technology in its trucks now appears to be in limbo—Nikola announced earlier this month it will source fuel cell systems from German supplier Robert Bosch GmbH.

"There were enough reasons to stop all of this—the last 24 months would have equipped us with enough reasons, everybody would have understood," Iveco's Marx said. "But we never even considered it."
https://techxplore.com/news/2021-09-nikola-showcases-german-nearing-production.html