Active globally with 43 plants and 40 R&D centers, CNH Industrial is well known as the owner of major agricultural and construction equipment brands CASE IH and New Holland. CNH Industrial generates $23 billion in annual revenue, with the bulk of it coming from the agricultural product line. The company … [continued]
A new report by the European Automobile Manufacturers’ Association (ACEA) shows that despite strong growth, the available charging infrastructure for electric vehicles in the EU still falls far below what is needed, and remains unevenly distributed across member states.
Nikola Motors has partnered with IVECO to establish the manufacturing hub for its first production vehicle in Ulm, Germany. The facility will produce both the battery electric and fuel cell electric versions of the the company’s cab-over heavy duty truck for the European market, the Nikola TRE.
The Nikola Corporation is making a push into the EU with partner trucking company IVECO after the pair showed off the design model of the battery electric version of the Nikola TRE for European customers. Launching the battery electric Nikola TRE gives Nikola a bridge to the hydrogen-powered future the team envisions as the reality of the investment and lead time required for hydrogen to manifest in the global transportation marketplace are realized.
CNH Industrial N.V. announced a new $250 million investment into the Nikola Motor Company as the lead investor in a new Series D funding round. The investment round comes as Nikola works to integrate a single lease plan for its vehicles that roll all vehicle, service, maintenance, and fuel costs into a single lease price in a bid to offer early adopters assurance of predictable prices and payouts for their fleets.
