Nikola Breaks Record with 88 Hydrogen-Powered Truck Sales in Q3 2024
Key Ideas
  • Nikola Corporation wholesaled a record-breaking 88 Class 8 hydrogen fuel cell electric trucks in Q3 2024, meeting sales guidance and totaling 200 hydrogen trucks for the year.
  • The company introduced the first U.S. dealer-based HYLA modular refueling station, supporting their commitment to a zero-emission world.
  • Despite market challenges, Nikola remains focused on pioneering solutions for sustainable transportation, manufacturing all trucks in Coolidge, Arizona.
  • Nikola's mission is to advance the hydrogen refueling ecosystem, including supply, distribution, and dispensing, driving towards a cleaner future.
Nikola Corporation, a leading company in zero-emissions transportation and energy solutions, achieved a milestone in Q3 2024 by wholesaling 88 hydrogen-powered Class 8 trucks under the HYLA brand. This sale was part of their strategy to sell between 80 and 100 fuel cell units for the quarter, and it contributed to a total of 200 hydrogen trucks wholesaled in the first three quarters of the year. The CEO, Steve Girsky, highlighted the achievement as a record sales quarter for Nikola and emphasized the addition of the first U.S. dealer-based HYLA modular refueling station. Nikola's focus on sustainability and their commitment to a zero-emission world are evident through their efforts to pioneer solutions for cleaner transportation one truck at a time. All Nikola trucks are assembled in Coolidge, Arizona, showcasing their dedication to local manufacturing. The company is also actively driving the advancement of the hydrogen refueling ecosystem through its energy brand, HYLA, which includes supply, distribution, and dispensing. The article notes that although Nikola has not completed its quarterly review process or financial statements for Q3 2024, the company remains steadfast in its mission and commitment to sustainability. Despite market challenges and uncertainties, Nikola continues to make progress with its hydrogen fuel cell electric trucks and infrastructure. The press release also contains forward-looking statements about Nikola Corporation's vision for a zero-emission future and the challenges and opportunities in the industry. The company acknowledges the risks and uncertainties associated with their operations, including manufacturing delays, access to capital, hydrogen fueling infrastructure rollout, and customer orders. Nikola urges caution regarding relying too heavily on forward-looking statements and commits to updating information as required by law.
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