NikolaNikola, a maker of hydrogen- and battery-powered semis, is set to trade shares on Nasdaq NDAQ this week after investors approved its reverse merger with VectoIQ. Girsky, who was a long-time auto industry analyst before joining GM, becomes a Nikola board member and will be an advisor to the Phoenix-based company. “We're full steam ahead,” says Nikola founder Trevor Milton, who’s giving up his CEO role with the merger to become executive chairman. The Nikola Tre goes into production in Europe in 2021 as a battery-powered model, built by Iveco. In 2024, it expects to sell or lease 7,000 battery-powered units and 5,000 hydrogen fuel cell trucks, according to its filing.

Source: Forbes June 02, 2020 15:14 UTC