Electric truck maker Nikola at risk of being delisted from Nasdaq

Nikola, the beleaguered electric truck developer, is at risk of being delisted from Nasdaq, the company disclosed Thursday in a regulatory filing. Nikola said it received May 24 a delisting notice from the public exchange because its share price has been below $1 for the past 30 days. The company has until November 20, to […]

Electric truck maker Nikola at risk of being delisted from Nasdaq by Kirsten Korosec originally published on TechCrunch

Nikola taps its president for CEO post

Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola Board of Directors, effective immediately. He served as CEO of Opel and VinFast, as well as CFO at Volkswagen Group of America and Mitsubishi Motors […]

Nikola and Bosch ink deal for hydrogen fuel cell modules

Beleaguered electric truck developer Nikola Corp. has inked a new agreement with Bosch for its hydrogen fuel cell modules. The modules will be used to power two of Nikola’s hydrogen-fueled semi-trucks, the short-haul Nikola Tre and Nikola Two sleeper. “This announcement is the result of a multi-year working relationship with Bosch,” Nikola CEO Mark Russell said […]

SEC to investigate short-seller’s claims against Nikola, report says

The U.S. Securities and Exchange Commission is reportedly looking into claims that Nikola Corp. is involved in an alleged “intricate fraud,” the latest development in a controversy that erupted last week just days after GM took an 11% stake in the newly public company. Bloomberg reported Monday that the U.S. agency was examining the company […]

Nikola disputes fraud claims in carefully worded rebuttal

Nikola Corp., the hydrogen electric vehicle startup that went public this year through a merger with a special purpose acquisition company, released Monday a point-by-point rebuttal that attempts to disprove a report issued last week by short-seller Hindenburg Research that accused the company of fraud. In spite of the careful wording of the rebuttal, some […]

Nikola stock surges on order for 2,500 electric garbage trucks

Electric truck maker Nikola announced an order for 2,500 garbage trucks, which sent the startup’s stock soaring today. The order is expected to begin construction in 2023, with on-road testing scheduled for 2022. Republic Services placed the order, which is expandable up to 5,000 trucks. The company is said to be the second-largest recycling and […]

Lordstown Motors becomes latest EV automaker to use a SPAC to go public

Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Corp, with a market value of $1.6 billion. The agreement marks the latest company — and electric automaker — to become a publicly traded company through a merger […]