Nicola Co., Ltd.
The company and Republic Services said Co., Ltd.
We have stopped cooperation on the development of zero-emission garbage trucks. This will end the Republic’s order for thousands of vehicles.
In August, the Republic announced that it would work with Nicola to develop zero-emission trucks for waste and recycling services and purchase at least 2,500 or 5,000 trucks. The Republic also said it expects to begin integrating trucks intended to have a range of 150 miles into its fleet from 2023.
The waste recycling company did not immediately respond to the request for comment.
“The two companies have determined that the combination of various new technologies and design concepts will result in longer-than-expected development times and unexpected costs,” Nicola said Wednesday.
Nikola shares fell 9.7% in pre-market trading.
Nicola is getting the attention of investors in hopes of transforming the trucking industry, but the company is suffering from a variety of challenges.
General Motors Co., Ltd.
For example, we withdrew our plan to acquire Nikola’s shares and canceled our plan to build an electric pickup truck for it.
Nicola also said on Wednesday that it laid out a roadmap that has its Tre semi-truck delivery starting next year in the United States. It is planning to start construction of the first commercial hydrogen fuel station in 2021.
Write to Micah Maidenberg (email@example.com)
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Nicola, Republic Service Ends Collaboration on Garbage Truck Development
Source link Nicola, Republic Service Ends Collaboration on Garbage Truck Development