Nikola Corp.’s (NASDAQ: NKLA) electric truck division is making a bold comeback after facing setbacks last year due to fire incidents.
The company recently unveiled its plan to reintroduce its battery-electric trucks with an innovative twist. The grand return was previewed in a post on Nikola’s official social media account, showcasing a hydrogen fuel cell electric truck towing one of its battery-electric counterparts en route to California.
Describing the occasion as “BEV 2.0,” the company expressed excitement for the zero-emissions journey ahead, reflecting a renewed commitment to eco-conscious transportation solutions.
Following a series of unfortunate fire incidents, Nikola halted the delivery of its battery-electric trucks last August. However, the company’s CEO, Steve Girsky, recently announced plans to resume deliveries of the improved models with enhanced safety features by late third quarter to early fourth quarter of this year. Customers are expected to receive the updated trucks with new battery packs starting by the end of the first quarter, with all recalled vehicles set for return by late second quarter to early third quarter.
The upgraded “BEV 2.0” trucks come with several enhancements, including better battery packs, scheduled departure charging, an updated instrument display, and an improved mobile app interface. Moreover, these vehicles may offer increased payload capacity as they are designed to be lighter.
Nikola aims to deliver a minimum of 100 battery-electric trucks throughout the current year, signaling a proactive approach to reestablishing customer trust and market presence following the challenging period.
Price Action: Nikola shares closed 14.4% higher at $1.04 on Thursday, demonstrating renewed investor interest in the company. Year-to-date, the stock has surged by 25.3%, showcasing positive momentum.