Nikola puts its hydrogen trucks up for auction
Founded in 2014, the electric truck manufacturer Nikola Motor has been in financial trouble for some time now and recently faced losses of around 200 million dollars per quarter. On 19 February 2025, the company then filed for insolvency proceedings, and also announced that it had given up hope of a turnaround.
Accordingly, the company is now being liquidated, and Nikola’s assets are being auctioned off. In mid-April, Californian electric car manufacturer Lucid secured Nikola’s former production facility, headquarters and development centre in Arizona. Lucid is paying around 30 million dollars for this in a mixture of cash and non-cash contributions.
Exciting parts of the Nikola inventory are now going under the auction hammer, including numerous Nikola hydrogen trucks. The Boston-based auction house Gordon Brothers secured the vehicles and other related items in Delaware bankruptcy court last week.
Gordon Brothers has now published the offer and a brochure listing the items for sale. The highlight is 103 fully functional Nikola Tre FCEV tractor units with a continuous output of 400 kW and a range of 800 kilometres. There are also 65 complete hydrogen fuel cell stack modules available. There are also suitable batteries, tyres, axles, steering and brake components, air compressors and DC converters.
A complete test laboratory for fuel cells is also up for auction. Also on offer is equipment for stationary and mobile hydrogen refuelling stations, as well as several truck trailers for transporting hydrogen to refuelling stations. Finally, Nikola had also started to build up its own hydrogen production and a network of hydrogen refuelling stations under the Hyla brand. However, according to the website, there were only three of the 60 Hyla refuelling stations announced by the end of 2026.
Gordon Brothers will now try to auction off these assets at a time when hydrogen is struggling to establish itself as a fuel source, as Techcrunch reports. Under the Trump administration, there are also strong headwinds against hydrogen projects, despite the president pardoning the Nikola founder in April.
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