After booting out a CEO convicted of fraud, launching an electric heavy-duty truck and getting ready to start the first delivery of its flagship hydrogen fuel cell big rig, Nikola Corp. is looking to the next phase of its turnaround.
The company's success is pinned on the fuel cell truck and its efforts to create depots where customers can get clean hydrogen to run the zero-emission vehicles.
"I think that's very important because if you just have a world-class truck, a best-in-class truck, as we have, customers quite rightly will say, 'Well, we're out of hydrogen,' " Michael Lohscheller, Nikola's CEO, told Automotive News. "What we want to do from the Nikola side is really offer the truck and the energy."