"It does take more energy to produce hydrogen than it does to charge a battery electric truck," Milton said, "but the advantage you get with hydrogen is building all your hydrogen stations on the interstate freeways, where you're able to source your energy directly and pay under 4 cents a kilowatt hour for energy."
In California, for example, Nikola charging could be as low as 30 cents per kilowatt hour, roughly in line with Tesla, and can help trucks work multiple shifts in a day with recharging. Orders are already backlogged to the tune of $10 billion with customers including Anheuser-Busch. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158728536
As part of the deal, CNH’s Iveco and FPT truck and powertrain units will provide engineering and manufacturing assistance to Nikola, which needs the funding to build a truck assembly plant near Phoenix and a network of hydrogen fuel and electric-vehicle charging stations. Nikola is already working with truck industry heavyweights including Bosch and Meritor, while Norway’s NEL Hydrogen is providing technology for its fuel stations that will be used by fleet customers like beermaker Anheuser-Busch, which is leasing up to 800 Nikola semi-trucks. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157352082
Iveco Charts Future After CNH With Nikola Electric Truck Deal Sept. 15, 2021, at 7:06 a.m. CNH Industrial is controlled by Exor, the holding company of Italy's Agnelli family, which will be Iveco's largest investor after it is spun off from CNH. In a sign of Iveco's ambitions, the truckmaker on Wednesday signed a memorandum of understanding under which it and partner Nikola will test and deliver up to 25 vehicles to the port of Hamburg, one of Europe's largest.The agreement foresees the delivery of the Nikola Tre -- which is based on an Iveco platform -- throughout 2022. "These types of landmark agreements continue to reinforce the global shift we are seeing toward a new zero-emission future," Nikola CEO Mark Russell said. https://www.usnews.com/news/technology/articles/2021-09-15/nikola-iveco-sign-mou-to-deliver-25-e-trucks-to-hamburg-port
Exor N.V. is a holding company incorporated in the Netherlands and controlled by the Italian Agnelli family through privately held company Giovanni Agnelli B.V. In 2021 it recorded revenues of more than $136 billion, becoming the 37th largest group in the world by revenue, according to the 2021 Fortune Global 500 List. It has a history of investments running over a century, which notably include auto and truck manufacturers Stellantis, Ferrari and CNH Industrial, global reinsurer PartnerRe, the football team Juventus F.C. and the international newspaper The Economist. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165670051
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