Nikola Corporation Reports Record Sales and Expansion in Q3 2024
Key Ideas
  • Recorded 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, marking a 22% increase over the previous quarter.
  • FCEV fleet adoption increased by 78% year-to-date, with significant deployments across national fleet partners like Kenan Advantage Group and DHL Supply Chain.
  • Expanded dealer network for the first time since the FCEV launch, adding locations like GTS Group in Southern California.
  • Reiterating year-end volume guidance of 300-350 FCEVs and expects to deliver 10 HYLA fueling solutions by year-end.
Nikola Corporation, a global leader in zero-emissions transportation and energy solutions, reported a successful quarter ended September 30, 2024. The company achieved a record 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, representing a 22% increase from the previous quarter. FCEV fleet adoption also saw a significant rise of 78% year-to-date, with notable deployments in end fleets like Kenan Advantage Group and DHL Supply Chain. Additionally, Nikola expanded its dealer network for the first time since the launch of the FCEV by adding locations like GTS Group in Southern California, bringing the total to nineteen sales and service locations across the U.S. The company reiterated its year-end volume guidance of 300-350 FCEVs and expects to deliver 10 HYLA fueling solutions by the end of the year. Nikola's commitment to zero-emission trucks and sustainable mobility is evident through its continuous efforts in driving the future of Class 8 mobility and supporting the sustainability goals of its partners.
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