Nikola signs LoI to supply 100 FCEV trucks to PGT
Nikola Motor has announced a collaboration with international multi-service flatbed transportation company PGT Trucking to advance electric drive heavy-duty transport. This collaboration includes a Letter of Intent to lease 100 Nikola Tre.
The agreement is dependent on following the satisfactory completion of a Nikola Tre FCEV demonstration program under terms to be agreed to between the parties and will include both the vehicles, as well as scheduled maintenance and hydrogen fueling solutions.
Deliveries of the FCEV trucks to PGT are expected to launch in 2023, when production commences at Nikola’s manufacturing plant in Coolidge, Arizona. The company had suffered a difficult start to the year, when a short-seller attempted to take down the company, and former CEO Trevor Milton found himself being sued by the New York attorney general’s office, but the company came back strong in the second half of the year, with plans for another truck factory in Germany, as well as making progress at cornering the hydrogen market.
“We are excited that PGT has elected to partner with Nikola in advancing and adopting FCEV technology,” said Nikola President, Energy and Commercial Pablo Koziner. “PGT is a highly respected leader in the flatbed transportation industry with operating experience grounded on safety, reliability and customer service. We believe our FCEVs will help PGT further their objectives to continuously improve driver experience, reduce their carbon footprint and increase the efficiency of their operations while providing great value to their customers.”
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