The sum is to be paid in five instalments, following the resolution of a government investigation which was initiated by fraud allegations against the company's founder, Trevor Milton.

Heniff Transportation will lease 10 trucks on a 'fleet-as-a-service' basis, with 90 more units to follow upon successful deployment of the initial order.

Up to 25 units, manufactured at the Ulm manufacturing facility jointly supported with Iveco, will be delivered to dealers and customers by the end of 2021.

Deliveries of the 100 Nikola Tre FCEVs are scheduled to begin in 2023 following completion of a demonstration programme.

The two companies will co-operate in building and managing hydrogen production facilities in North America; additionally, Nikola will supply its truck customers with hydrogen sourced from these facilities over the next five years.

The Hydrogen Heavy Duty Vehicle Industry Group, comprised of hydrogen industry leaders Air Liquide, Hyundai, Nel Hydrogen, Nikola, Shell and Toyota, have signed agreements with Tatsuno Corporation and Transfer Oil S.p.A. to introduce a global standard of 70MPa (1 Megapascal (MPa) is a unit of pressure and is a 1,000,000 pascals; 1MPa = 10 bar) hydrogen refuelling components for heavy duty vehicles.

The agreement provides Nikola to right to issue and sell up to USD600m of its common stock in aggregate to the New York-based firm.

The two companies will work together in building and maintaining hydrogen fuel stations and will also develop training and industry best-practices for hydrogen refuelling.

Nikola Corporation of Phoenix, USA, and Iveco SpA, based in Turin, Italy (a subsidiary of CNH Industrial), have inaugurated a new 200 sq km manufacturing facility in the city of Ulm, Germany.

Nikola will be permitted to assemble the fuel-cell power modules at its Arizona facility from 2023, for integration in its Nikola Tre fuel-cell electric trucks.

Quinn Company's 18 sales and service facilities in central and southern California have been added to Nikola's U.S. dealership network.

The e-truck company has been awarded USD2m for research into integrated autonomous fuelling systems designed to speed up refuelling of heavy-duty hydrogen vehicles.