Nikola expands in Canada with new sales to truck association
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Nikola (NASDAQ:NKLA) announced the expansion of its presence in Alberta, Canada with the sale of a Nikola Tre battery-electric vehicle and a Nikola Tre hydrogen fuel cell electric vehicle to the Alberta Motor Transport Association.
AMTA will incorporate the new heavy-duty vehicles into its Hydrogen Commercial Vehicle Demonstrations Project. The project is described as the first-of-its-kind in Canada and offers Alberta carriers the opportunity to use and test Class 8 vehicles that operate with hydrogen fuel within their unique operations. The trials will look at the performance of hydrogen-fueled vehicles on Alberta roads, payloads, and weather conditions, while addressing challenges around fuel cell reliability, infrastructure, and vehicle cost and maintenance.
This week's anticipated delivery of the Nikola Tre BEV, and the expected delivery of the Nikola Tre FCEV by the end of 2023, are called critical first steps in selling hundreds of trucks in Alberta, which is observed to be a major new market for Nikola (NKLA).
"Canada is moving fast to decarbonize the transportation sector by removing diesel trucks from the road to help the environment," said Nikola CEO Michael Lohscheller. "We want Nikola to be in lockstep with leaders like AMTA to accelerate these important market adoption and regulatory policies," he added.
Shares of Nikola (NKLA) rallied 2.55% in premarket trading on Tuesday.