Nikola, CNH say building electric truck prototypes, target end 2021 launch

Nikola

Sept 14 (Reuters) – Nikola Corp <NKLA.O and vehicle equipment maker CNH Industrial said the firms are working together to build prototypes of the EV maker’s Tre semi-truck, sending Nikola’s shares up 12%, days after a scathing report from short-seller Hindenburg alleged the company of ‘fraud’.

CNH said it aims to start testing the semi-trucks later this year, and hopes to launch the vehicles commercially by the fourth quarter of 2021.

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