Nikola Corporation (NASDAQ: NKLA) Set to Capitalize on Benefits of Hydrogen Fuel Cell Vehicles
Nikola designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen fueling station infrastructure. Nikola operates in three business units: Truck, Energy and Powersports. On June 4, 2020, the company’s shares began trading on Nasdaq under new ticker symbol ‘NKLA’ following a business combination agreement with VectoIQ Acquisition Corp. Many senior auto executives believe that hydrogen fuel cell vehicles, like Nikola’s, represent a better long-term prospect than pure electric cars. The company has $14 billion in preorder reservations for the Nikola Hydrogen Electric Truck. Nikola Corporation (NASDAQ: NKLA) is an American hybrid truck…