Lohscheller will be replaced by Board Chairman Stephen Girsky, a former General Motors executive. Girsky will remain on the Board of Directors and Steve Shindler, a Director since October 2020, will serve as Chairman of the Board. 

The German multinational has committed a further EUR 2.5 billion over the next five years to support the expansion of its hydrogen fuel cell technology as the company expects to generate roughly EUR 5 billion in sales from it by 2030.

FFI is now acquiring the ‘Phoenix Hydrogen Hub’ project for an undisclosed sum and will draw up a supply agreement with Nikola for hydrogen produced at the site when it is up and running.

Spun out of the governmental Sandia National Laboratories, BayoTech began filing patents for its own steam methane reformation process for producing hydrogen back in 2020.

Together with sponsor Caltrans, Nikola’s “Hyla” brand will build six stations across three air quality management districts which cover Los Angeles, San Diego, and the Mojave Desert.

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

The manufacturer announced it is taking cost-cutting measures to reduce its outgoings to under USD400m by 2024, including layoffs of approximately 270 workers at multiple sites.

The 50 ‘Nikola Tre FCEV’ trucks were ordered by AJR Trucking through Tom’s Truck Centers and are slated for delivery between the fourth quarter of 2023 and the first quarter of 2024.

Voltera will take the lead in identifying suitable locations, building the stations, and operating them, and Nikola will supply them with hydrogen and provide technical support.

Watt EV claimed the Port of Long Beach station is the largest of its kind to be available for public use, accommodating up to 26 heavy trucks and providing up to 360 kW of power.

Iveco Group will acquire the joint-venture manufacturing facility in Ulm, which was opened in 2021 for the assembly of Nikola ‘Tre’ battery- and fuel cell-electric trucks for the European market.

Pasterick, who is currently Vice President, Corporate Controller at the company, will succeed incumbent Kim J Brady, who is leaving the company.