Iveco announced a positive set of financial results for the 2023 year, including EUR 16 billion in consolidated revenues (up 13% from 2022), an adjusted EBITA of EUR 940 million (up EUR 413 million compared to 2022) and an adjusted net income of EUR 352 million (up EUR 127 million from 2022 figures).

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

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.

At the past 2023 Commercial Vehicle Show in Birmingham, in April, Nikola/Iveco launched the pre-production Nikola Tre 4X2 battery-electric heavy-duty tractor unit.

The 2023 Commercial Vehicle Show in Birmingham from the 18th – 20th of April, was an exciting time for the UK truck market with 223 exhibitors displaying their new product offerings.

Nikola Iveco received a Letter of Intent from the freight-forwarding firm to acquire 20 fuel-cell electric trucks – with the eventual intention of replacing its entire fleet with Nikola’s vehicles.

The renewable energy firm sent Nikola-Iveco a Letter of Intent to acquire 100 'Tre' fuel-cell electric trucks in 2024 and 2025.

The European 4x2 version of the Tre battery-electric tractor is to be built in the Iveco-Nikola joint venture manufacturing plant in Ulm, Germany.

The return of the IAA (Internationale Automobil-Ausstellung) commercial vehicle show in 2022 is remarkable in itself, given that the last exhibition was held in 2018; the biannual event should have taken place again in 2020, but it was cancelled due to the COVID-19 pandemic.