Law Daily Report

Nikola (NKLA) to launch joint venture with German energy provider E.ON - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Nikola's incoming CEO is a native of Germany. phoenix $NKLA

Phoenix-based Nikola extended its German connection on Friday by announcing a planned joint venture with E.ON, a European utilities company.

Nikola Corp. will work with Essen, Germany-based E.ON on a partnership aimed at decarbonizing heavy-duty trucking through the use of vehicles powered by hydrogen fuel. Nikola is currently manufacturing battery electric vehicles and is developing hydrogen fuel cell vehicles for future production. The joint venture with E.ON is expected to be finalized by the end of the year and will feature the two companies developing projects together. Nikola and E.ON have signed a term sheet and are working toward a definitive agreement on the partnership.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nikola (NKLA) to launch joint venture with German energy provider E.ON - Phoenix Business JournalNikola said on Friday it is working to launch a new partnership with E.ON aimed at decarbonizing heavy trucking, its latest business connection to Germany. Plus, Nikola founder fraud trial started this week.
Source: phxbizjournal - 🏆 254. / 63 Read more »