ULM, Germany, Sept. 15, 2021 /PRNewswire/ -- IVECO, the
commercial vehicles brand of CNH Industrial (NYSE: CNHI / MI: CNHI)
and Nikola Corporation (NASDAQ: NKLA) today signed a Memorandum of
Understanding with Hamburg Port Authority AöR (HPA) during the
inauguration of their joint-venture manufacturing facility in Ulm,
Germany. The agreement states
their joint intent to partner in two phases encompassing up to 25
Nikola Tre battery-electric vehicles (BEV) for delivery to the Port
throughout 2022.
The first phase involves testing of the Nikola Tre BEVs at the
port for transport and logistics operations together with
high-performance charging solutions. A more definitive second phase
in the project partnership plans to see the full integration of the
BEV vehicles in port operations, installation of charging
infrastructure and on-site service support including major
suppliers. The vehicles provided for these two phases will be the
US version of the Nikola Tre with special permissions for in-port
operation.
"Hamburg is pursuing targets to
become more climate friendly within the context of the EU's
long-term strategy to become carbon neutral within 2050. The focus
of the port is to become a first mover in applying technical
innovations as pilot cases. We see a great fit between our
requirements and the trucks that are now being built here in Ulm to
achieve our targets," said Jens
Meier, Chief Executive Officer of the Hamburg Port
Authority.
"Hamburg is ready to set new
standards and become a climate-friendly city. The cooperation with
Nikola, a manufacturer of heavy-duty vehicles for zero-emission,
battery-electric transport, is an important milestone. We wish to
work together and launch an unprecedented pilot project with Nikola
and IVECO and partners from the port logistics sector in the Port
of Hamburg. For me, this MoU
between Nikola and the HPA is a first, but decisive step in making
the Port of Hamburg a pilot for
innovative and alternative powertrains. From the point of view of
the Free and Hanseatic City of Hamburg, I am looking forward to a
good and fruitful cooperation," confirms the Senator for Economy
and Innovations in Hamburg,
Michael Westhagemann.
"Nikola applauds the sustainability goals of the Port of
Hamburg and is proud to be working
with them on this project," said Nikola CEO Mark Russell. "Nikola is also working on a
similar program in the United
States. These types of landmark agreements continue to
reinforce the global shift we are seeing toward a new zero-emission
future."
"Germany's largest seaport by
volume is the perfect place for us to demonstrate the performance
and competitiveness of the Nikola Tre. We look forward to seeing
the first results in phase one and learning how we can best assist
Hamburg Port Authority in reaching their energy goals," said
Gerrit Marx, President Commercial
& Specialty Vehicles, CNH Industrial.
Designed to be a high-performance, zero-emission long-haul
transport solution, the Nikola Tre is driving change for the
sector. Based on the IVECO S-WAY truck platform with an electric
axle co-designed and produced by FPT Industrial, it will feature
Nikola's advanced electric and fuel cell technology, together with
key components provided by Bosch.
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 (NASDAQ: NKLA) 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 benefits of the collaboration; the
benefits of FCEV trucks and BEV trucks in drayage and port
operations; the expected timing of delivery of trucks; and the
expected timing, features and specifications of the Nikola's FCEV
and BEV trucks. 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, the ability of the parties to enter into
definitive documentation for the collaboration and the terms of any
such agreement; the failure to realize the anticipated benefits of
the memorandum of understanding or any definitive agreement; design
and manufacturing changes and delays; general economic, financial,
legal, regulatory, political and business conditions and changes in
domestic and foreign markets; the potential effects of COVID-19;
the outcome of legal, regulatory and judicial proceedings to which
Nikola is, or may become a party; demand for and customer
acceptance of Nikola's trucks; risks associated with development
and testing of fuel cell power modules and hydrogen storage
systems; 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; risks
associated with changes in accounting treatment or accounting
standards; 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, 2021and 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.
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SOURCE Nikola Corporation