Nikola Motor, a four-year-old Arizona startup, says it has $14 billion of orders for its futuristic truck. Now it has to build them and a coast-to-coast network of hydrogen fuel stations they'll need.
and Daimler to use those stations to expand their hydrogen fuel cell vehicle sales beyond California.
“Hydrogen works way better on heavy-duty , and we’re 5,000 pounds lighter than Tesla,” he said. “Look at Anheuser Busch. They ordered 40 or 50 trucks from them and 800 from us.” In fact, he claims Nikola has lined up $14 billion in truck leases from big shippers including Anheuser Busch and U.S. Express, each of which is a seven-year lease is worth about $1 million.
Nikola intends to build 700 fuel stations across the U.S. over the next decade, making zero-emission hydrogen from water using electricity from renewable energy.Sales of electric cars are growing worldwide as batteries and component costs improve, led by Tesla, and increasing numbers of medium- and heavy-duty electric trucks and buses can be found on the streets of big cities and at ports.
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Startup Nikola Bets Hydrogen Will Finally Break Through With Big RigsNikola Motor, a four-year-old Arizona startup, says it has $14 billion of orders for its futuristic truck. Now it has to build them and a coast-to-coast network of hydrogen fuel stations they'll need.
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Startup Nikola Bets Hydrogen Will Finally Break Through With Big RigsNikola Motor, a four-year-old Arizona startup, says it has $14 billion of orders for its futuristic truck. Now it has to build them and a coast-to-coast network of hydrogen fuel stations they'll need.
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