nikola-cnh-building-electric-truck-prototypes-for-2021-end-launch.jpg
AUTO NEWS EN

Nikola, CNH constructing electrical truck prototypes for 2021 finish launch, Auto Information, Automobilnews – Information by Automobilnews.eu

Nikola, CNH constructing electrical truck prototypes for 2021 finish launch, Auto Information, Automobilnews


Nikola stated its counsel had contacted and briefed the SEC on its issues relating to the short-seller’s report.

Nikola Corp and car gear maker CNH Industrial stated on Monday they’re working to construct prototypes of the EV maker’s Tre semi-truck, days after a scathing report from short-seller Hindenburg alleged Nikola of ‘fraud’.CNH stated it goals to begin testing the semi-trucks later this yr and hopes to launch the automobiles commercially by the fourth quarter of 2021.

In the meantime, the U.S. Securities and Change Fee (SEC) is probing Nikola to evaluate the deserves of Hindenburg’s allegations that the EV maker misled buyers about its enterprise prospects, Bloomberg Information reported.

Nikola, which had accused Hindenburg of manipulating the inventory to learn short-sellers, stated its counsel had contacted and briefed the SEC on its issues relating to the short-seller’s report. The SEC didn’t instantly reply to Reuters request for remark.

Shares of the electric-truck maker have been down about 9% at $32.52 in prolonged commerce.

Hindenburg had shorted the inventory final week and stated it had gathered sufficient proof to indicate Nikola founder Trevor Milton made false statements about possessing proprietary know-how to kind partnerships with giant automakers.

Hindenburg had additionally alleged {that a} seemingly practical truck, Nikola One, was “merely filmed rolling down a giant hill” in 2017.

Nikola stated it by no means said the truck was driving “underneath its personal propulsion” and buyers at the moment have been conscious of its technical capabilities.

Final week, automaker Common Motors Co took an 11% stake in Nikola and stated the 2 firms will be a part of forces to construct electrical pickup vehicles and gas cell business vehicles to tackle Tesla Inc .

GM’s cope with Nikola offers it scale and validates its know-how, GM Chief Government Officer Mary Barra advised buyers at an RBC convention on Monday, deferring any questions on the latter to the EV maker.



advertising
Nikola, CNH constructing electrical truck prototypes for 2021 finish launch, Auto Information, Automobilnews – Information by Automobilnews.eu
Comments

TOP STORIES

To Top