Nikola

Nikola, producer of fuel cell and battery electric semi trucks, held a grand opening for the first of its HYLA refueling stations. The goal is to build a hydrogen refueling network that can be rolled out quickly, and built up over time as fuel cell trucks become more common. There’s a big push for zero emission trucks in California right now, in response to California’s new truck regulations. That push is particularly focused on the trucking routes between the Ports of Los Angeles and Long Beach and the…

US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.Tesla has told suppliers it wants to start production of a new cheaper, mass-market product in mid-2025, Reuters reported in January, as it looks to compete with cheaper gasoline-powered cars and inexpensive EVs from China.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Just hours after Nikola announced that it had completed the first North American deliveries of its hydrogen fuel cell electric semi trucks, Biagi Bros. Logistics took to social media to post pictures of its new fleet of Nikolas. Plural. While we’ve seen a few stories about Nikola’s HFCEV semi trucks in recent weeks, all those pictures of trucks looked kind of alike. Like, if you were a NKLA skeptic, they looked enough alike that you could squint and convince yourself that they were all pictures of the…

Nikola Corp (NKLA) announced it had delivered the first production hydrogen fuel cell truck in North America during the fourth quarter. The company said it also remains on track to deliver the first reworked battery electric trucks back to customers by the end of Q1. Nikola delivers first production hydrogen fuel cell truck “Today we’re sharing what we’ve accomplished and how we are providing fully integrated zero-emissions mobility solutions to fleets right now,” Nikola president and CEO Steve…

The Nikola Badger electric pickup, one of the biggest blunders in the history of the EV space, is making a comeback in the most hilarious way: through a Youtuber friend of convicted felon Trevor Milton. There have been blunders in the EV spaces over the years, and GM has been involved with a few of them. Arguably, the Nikola Badger is one of the biggest ones because it helped push Nikola Motors’ market cap to a ridiculous $20 billion before getting completely wiped out. Shortly after Tesla…

Nikola said it has rejected a slate of five nominees for its board of directors that were proposed by an entity controlled by former Chairman and Founder Trevor Milton. Nikola said it has rejected a slate of five nominees for its board of directors that were proposed by an entity controlled by former Chairman and Founder Trevor Milton. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink…

The port cartage and drayage specialists at Coyote Container successfully completed a 400-mile delivery in a Nikola Tre semi truck powered by a hydrogen fuel cell. William Hall, Managing Member and Founder of Coyote Container, drove the hydrogen Nikola over the hilly, 400-mile route that took the truck and its 17.7 ton trailer through California’s Altamont Pass and Grapevine Canyon on the I-5 interstate between the Port of Oakland and the Port of Los Angeles in Long Beach. One part of the trip,…

The founder of Nikola Corp. was sentenced Monday to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks, causing investors to lose hundreds of thousands of dollars.Trevor Milton learned his fate in Manhattan federal court when Judge Edgardo Ramos announced the sentence, saying he believed that a jury in October 2022 "got it right" when it convicted him. The judge also ordered Milton to pay a $1 million fine."Over the course of many months, you…

Trevor Milton, founder and former CEO of Nikola Corporation, has been sentenced to four years in prison for defrauding investors with false statements about the company’s electric trucks. Milton was found guilty last year of three out of four counts of securities and wire fraud, but sentencing did not happen until today. His sentence includes four years in prison, seizure of property and a $1 million fine, and three years of supervised release after serving the sentence. The verdict and…

The founder of an electric truck company is expected to face significant prison time when he is sentenced Monday in a fraud case that highlights the financial carnage left behind by a crop of electric vehicle startups and their promoters.A federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty last year of one count of securities fraud and two counts of wire fraud. Milton was accused of pumping up the value of Nikola stock by making…