Nikola announced on April 7 that will report its first quarter ended March 31, 2022 financial results on Thursday, May 5, 2022. On that day, Nikola’s management will hold a conference call and webcast at 9:30 a.m. ET (6:30 a.m. PT) to review and discuss the company’s business and outlook. The webcast will be available at https://nikolamotor.com/investors/news?active=events (live and replay).
The company recently announced that signed a partnership with the market leading commercial finance company ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group. The partnership aims to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric vehicles (FCEVs). Start of production of the Tre BEVs began last week at Nikola’s Coolidge, Arizona manufacturing facility. The Nikola Tre FCEV deliveries are anticipated in 2023.
Recently, Nikola confirmed that it started producing its Tre Semi-Truck. The production was scheduled to start by the end of the second quarter at Nikola‘s factory in Coolidge, Arizona. The antecipation of the production dates will allow the company to deliver the first trucks in the second quarter. Nikola estimates to deliver between 300 and 500 trucks this year followed by increased production in 2023.
The announcement was made during Nikola’s Investors Day held on Wednesday, March 23. The company will host a presentation on Nikola’s leading Class 8 truck program and Energy business.
Last month, Alta Equipment Group announced that it has been awarded the Arizona sales and service territory for Nikola Corporation. This agreement further expands Alta’s dealer territory with Nikola beyond the NY, NJ, eastern PA and New England markets, as announced in August of 2021, and will replace Empire Transport in Arizona.