LONDON and PHOENIX, Oct. 1,
2020 /PRNewswire/ -- CNH Industrial N.V. (NYSE: CNHI/ MI:
CNHI) and Nikola Corporation (NASDAQ: NKLA) today co-sponsored
Politico's "Decarbonization of Heavy Transport and the Role of
Hydrogen." The event, which was held earlier today on October 1, 2020, brought together senior EU
policymakers, industry experts and representatives from
intergovernmental organizations to discuss the best pathway to
decarbonize heavy transport and what role hydrogen can play in
those ongoing efforts. Gerrit Marx,
President Commercial & Specialty Vehicles at CNH Industrial and
Nikola Board of Directors member,
delivered the event's introductory remarks.
"We are excited about the opportunities presented by making
zero-emission long-haul transport a reality, and enjoyed sharing
how hydrogen can contribute to the decarbonization of the heavy
transport industry," said Mr. Marx. "This transformation has
already begun and CNH Industrial is at the forefront. We are
working alongside Nikola to help complete the Tre BEV so that we
can begin production at our JV manufacturing facility in Ulm,
Germany, by the fourth quarter of
next year."
"We are confident that the Nikola Tre will set the standard for
zero-emission trucks," said Mark
Russell, Chief Executive Officer of Nikola. "And we were
proud to sponsor this event, as the European Commission has
ambitious plans to become carbon neutral by 2050. We believe that
Nikola, in partnership with CNH Industrial, can play a significant
role in helping the heavy transportation market reach those
goals."
A recording of the event can be found here.
CNH Industrial N.V. (NYSE: CNHI / MI:
CNHI) is a global leader in the capital goods sector with
established industrial experience, a wide range of products and a
worldwide presence. Each of the individual brands belonging to the
Company is a major international force in its specific industrial
sector: Case IH, New Holland Agriculture and Steyr for tractors and
agricultural machinery; Case and New Holland Construction for earth
moving equipment; Iveco for commercial vehicles; Iveco Bus and
Heuliez Bus for buses and coaches; Iveco Astra for quarry and
construction vehicles; Magirus for firefighting vehicles; Iveco
Defence Vehicles for defence and civil protection; and FPT
Industrial for engines and transmissions. More information can be
found on the corporate website:
www.cnhindustrial.com
Nikola Corporation is globally
transforming the transportation industry. As a designer and
manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as we know it today. Founded in
2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information,
visit www.nikolamotor.com or Twitter
@nikolamotor.
FORWARD LOOKING STATEMENTS
Certain
statements included in this press release that are not historical
facts are forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Forward-looking statements generally are accompanied
by words such as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," "should," "would," "plan,"
"predict," "potential," "seem," "seek," "future," "outlook," and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the company's expectations regarding its
projected truck builds and related specifications; the company's
expectations for its trucks and market acceptance of electric
trucks; and market opportunity. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of Nikola's management and
are not predictions of actual performance. Forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from the
forward-looking statements, including but not limited to general
economic, financial, legal, political and business conditions and
changes in domestic and foreign markets; the potential effects of
COVID-19; the outcome of judicial proceedings to which Nikola is,
or may become a party; failure to realize the anticipated benefits
of the recently completed business combination; the conversion of
pre-orders into binding orders; risks related to the rollout of
Nikola's business and the timing of expected business milestones;
the effects of competition on Nikola's future business; the
availability of capital; and the other risks detailed from time to
time in Nikola's reports filed with the Securities and Exchange
Commission, including its quarterly report on Form 10-Q for the
quarter ended June 30, 2020 and other
documents Nikola files with the SEC. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. These forward-looking statements speak
only as of the date hereof and Nikola specifically disclaims any
obligation to update these forward-looking statements.
CNH Industrial Media Contact:
Francesco Polsinelli
Corporate Communications Europe
Media Relations Manager
Tel.: +39 335 1776091
Email: mediarelations@cnhind.com
www.cnhindustrial.com
Nikola Contacts:
SELL-SIDE ANALYST / INSTITUTIONAL INVESTOR INQUIRIES:
Kim Brady
kim.brady@nikolamotor.com
MEDIA CONTACTS:
Nicole Rose
nicole.rose@nikolamotor.com
480-660-6893
Colleen Robar
crobar@robarpr.com
313-207-5960
Tim Lynch / Tim Ragones
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Nikola Corporation