(Reuters) – Nikola announced on Friday its plans to expand its dealer network into Canada for heavy-duty truck sales in a partnership with trailer manufacturer ITD Industries. This development has resulted in a 5% increase in the electric-truck maker’s shares during morning trading.
Nikola, which specializes in battery electric and fuel cell electric Class 8 trucks, has recently faced various challenges. These include two fires within a week in September involving its vehicles. Additionally, in August, the company issued a recall for all the battery-powered electric trucks it had delivered to date after discovering coolant leaks inside a battery pack.
Despite these setbacks, Nikola’s CEO Steve Girsky assured investors on Wednesday that the battery electric truck recall would not impact the production or delivery of its fuel cell electric vehicles. This is because these vehicles utilize a different battery pack sourced from a different supplier.
Girsky also revealed that the company is scheduled to commence deliveries of the hydrogen fuel cell vehicle in late September and early October.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
Credit: The Star : Tech Feed
