is “laser-focused on delivering vehicles and generating revenue,” in accordance to CEO Mark Russell. To assist it attain these objectives, the embattled company is getting ready to ramp up production of the battery-electric Tre semi-truck. Russell stated Nikola expects to begin “series production of the Tre BEV on March 21.” The company plans to ship up to 500 production Tre BEVs this year, beginning in the second quarter.
It delivered the first two Tre BEVs to a port trucking company in California in December as half of a three-month pilot. It says the vehicles have logged greater than 4,500 miles between them and hauled a number of hundreds per day. One accomplished a 204-mile journey on a single cost. Anheuser-Busch, in the meantime, is testing two fuel-cell electric variants of the Tre.
Nikola says its Coolidge, Arizona plant presently has a production capability of 2,500 vehicles per year. Work is underway on an enlargement that will enhance the capability to up to 20,000 vehicles every year. Work on Phase 2 of the facility ought to be accomplished in early 2023. Meanwhile, Nikola’s plant in Ulm, Germany is presently succesful of producing 2,000 vehicles per year, although that determine is expandable to 10,000 vehicles.
In its , the company touched on some of the controversies which have plagued it over the previous few years. It reached an settlement with the in December to settle civil expenses that it defrauded buyers. The company is paying a over two years. Nikola is in search of reimbursement from founder Trevor Milton for prices and damages it incurred in reference to authorities and regulatory investigations.
A grand jury indicted Milton on fraud expenses final year. Nikola’s allegedly lied to buyers about “nearly all aspects of the business” in makes an attempt to enhance Nikola’s share value. Milton, who has denied the expenses towards him, is ready to go on trial in April.
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