Iveco (CNH) prefers Germany over electric trucks with Nikola
Iveco (CNH group) and Nikola have inaugurated the heavy electric vehicle plant in Ulm, Germany. It will start production by the end of the year
Iveco (industrial vehicle brand of CNH Industrial) and the US electric truck manufacturer Nikola today presented to the public the new production plant in Ulm, Germany, dedicated to Nikola Tre electric heavy trucks.
Production at the Ulm plant is expected to start at the end of the year.
A milestone reached at record speed – underlines, in a note, Cnh Industrial (controlled by the Exor group , the holding company of the Italian Agnelli family ) – with the delivery carried out on schedule.
Germany confirms itself in the strategy of the two vehicle manufacturers.
Also on Wednesday Nikola and Iveco declared that they had agreed to test and deliver up to 25 vehicles to the German port of Hamburg, one of the largest in Europe.
Without forgetting that last April Nikola, Iveco and Oge, owner and manager of an infrastructure network of 12,000 km of gas pipelines in Germany, signed a letter of intent to build a structure for the transport of hydrogen.
Phoenix-based Nikola had risen to prominence last year due to troubles with its founder Trevor Milton. Short-selling firm Hindenburg Research had questioned the validity of Nikola's claims about its electric vehicle technology. After the stock market crash of the Nikola stock, Milton resigned from every position in the company.
All the details.
THE NIKOLA MODELS THREE PRODUCED IN GERMANY
The first Nikola Tre models produced at the German plant in Ulm will be delivered to selected customers in the United States in 2022.
In addition to the battery electric vehicle (BEV) in production, Nikola and Iveco presented the next step of this modular heavy platform to the public. This is the Nikola Tre's Fuel Cell Hybrid Electric Vehicle (FCEV).
The next model will go into production in Ulm by the end of 2023.
THE TABLE OF THE NIKOLA-IVECO ELECTRIC TRUCKS
For electric trucks Nikola Iveco is “in line with forecasts. The tests are underway, we are working on the pre-series and we have added two other ranges and 16 prototypes of the electric version have already been built so far "declared Gerrit Marx, future CEO of the On-highway company (spinoff of the Cnh Industrial division) in July. according to plans, it will begin operating autonomously towards the beginning of 2022.
On Highway will include: Iveco brands and activities (heavy, medium and light commercial vehicles); Iveco Astra (heavy duty quarry / construction vehicles); Iveco Bus and Heuliez Bus (buses and coaches); Magirus (fire fighting vehicles); Iveco Defense Vehicles (defense and civil protection vehicles); Fpt Industrial (engine technologies) and Iveco Capital (financial services).
THE NIKOLA TRE WITH HYDROGEN
“We have also started prototypes for the models with hydrogen cells” explained Marx who confirmed the arrival of Nikola Tre with hydrogen in Europe starting from 2023.
THE PARTNERSHIP WITH OGE FOR THE TRANSPORT OF HYDROGEN
In addition to the electric truck production plant, Nikola and Iveco have also entered into a partnership with Oge in Germany.
The collaboration is aimed at enabling more cost-effective distribution of hydrogen, from production to storage and refueling sites in Germany, to meet the needs of the industry. Nikola will install refueling points for all OEM fuel cell vehicles in key locations, with support from Oge's hydrogen distribution systems.
FORGOTTEN NIKOLA'S TROUBLE LAST YEAR
The troubles passed by Nikola last year therefore seem forgotten.
In mid-September 2020, the US startup of electric trucks and pickups recorded a thud on Wall Street in the pre-market: less than 22% after the announcement of the resignation of founder Trevor Milton as executive chairman.
That day the collapse of Nikola's shares also affected those of Cnh, which holds a 7% stake in Nikola. In 2019 CNH Industrial announced the investment of $ 250 million in Nikola to become a strategic and exclusive partner for heavy vehicles in North America and Europe. Investment made through its Iveco commercial vehicle segment.
The shock at the top came less than two weeks after the Phoenix-based company found itself in the crosshairs of short seller Hindenburg Research.
In a September 10, 2020 report, titled "Nikola: How to Parlay An Ocean of Lies in a Partnership with the Largest Auto OEM in America," short-selling firm Hindenburg Research accused Nikola of making false claims about its technology at the to grow partnerships with automotive companies, including General Motors.
After Milton's resignation from any position in Nikola, the company therefore continues its path (with Iveco) for the development of the first electric truck.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/iveco-cnh-germania-camion-elettrici-nikola/ on Wed, 15 Sep 2021 14:15:35 +0000.