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Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant

Nikola Corp., which plans to mass-produce hydrogen-powered electric semi-trucks, said it’s buying a $50 million stake in an Indiana energy project led by Wabash Valley Resources that’s converting an idled coal-fired power plant into a large-scale hydrogen factory. The Phoenix-based startup is getting a 20% stake in the West Terre Haute, Indiana, facility in exchange […]

Hydrogen demand set to ‘take off’ in mid-2030s, with supply more than enough: IRENA – EQ Mag Pro

Nikola, Iveco and OGE sign preliminary hydrogen distribution agreement

Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a preliminary agreement to support hydrogen distribution for fuel-cell electric vehicle (FCEV) refuelling. The three companies will cooperate to set out a business structure for transporting hydrogen via pipeline network from production sources to hydrogen fuelling […]

Hydrogen demand set to ‘take off’ in mid-2030s, with supply more than enough: IRENA – EQ Mag Pro

Does Tesla’s Tumble Mean The Electric Car Party Is Over?

Tesla Inc’s (TSLA) stock has taken a tumble over the last few week, falling almost 30% since January 26.That’s hundreds of billions of dollars wiped off the value of one company in a matter of weeks. Other stocks int he sector took a similar beating, such as Nikola (NKLA) and Nio Limited (NIO). They are […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

Nikola strategic partner Hanwha to sell 50% of EV stake

The amount to be sold is worth about $180 million based on its closing price of $16.39 A representative from Hanwha said on Thursday that it plans to sell the shares from June 9 until Dec. 10 Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

Touted As Next Tesla, Electric Vehicle Startup Nikola Is Now Drawing Comparison With Theranos For Fraudulent Misrepresentation

Trevor Milton, the founder and chief evangelist of the Arizona-based electric car startup Nikola Corp, was forced to quit as the executive chairman of it board amid serious allegations that he indulged in willful misrepresentation of the company’s battery and fuel cell technology to investors. The company announced that Trevon Milton will be replaced by […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

GM to make electric vehicle, supply batteries for Nikola

GM also will help with cost reductions for Nikola’s other vehicles including heavy trucks, and the company will use GM’s battery system and hydrogen fuel technology DETROIT: General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. GM will take […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

Lucid Beyond 500 miles,Nikola electric garbage trucks,Tesla in Korea: Today’s Car News

Lucid blasts past the 500-mile range barrier. Nikola Motors announces the largest order of tailpipe-emissions-free garbage trucks, but hydrogen isn’t part of it. And South Korea is angling to exclude Tesla. This and more, here at Green Car Reports. Through independent testing, Lucid claims to have achieved a 517-mile range result on the EPA cycle—although […]

Govt allows use of existing power connections to charge EVs – EQ Mag Pro

Nikola Pushes Deeper Into Battery Electric Vehicles With Next Generation Battery Tech

The Nikola Motor Company dropped a bomb on the electric vehicle industry today with news of a pending acquisition of a team that has developed next generation battery technology. The news comes with claims of a cathode with 4 times the energy density of today’s lithium-ion cells, lasts for 2,000 cycles, and at a cell […]

Tesla wooed by states after Elon Musk flags government problems – EQ Mag Pro

Bosch And Hanwha Have Invested Over $230 Million In Nikola

PHOENIX: As part of its ongoing fundraising effort, Nikola Corporation (NEE-KO-LA) is proud to announce two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million. Earlier this week, Nikola announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising […]

Apollo Tyres gains on acquiring 27% stake in CSE Deccan Solar for Rs 9 cr – EQ Mag Pro