Turin, May 9 (Korea Bizwire) – With reference to the announced transaction through which Iveco Group (MI: IVG) will assume full ownership from Nikola Corporation of the joint venture in Europe, Iveco Group will record a one-off €44 million negative impact in its income statement for Q1 2023, qualified as “adjusting item” for the purpose of [...]
Turin, Italy, May 9/Phoenix, AZ, USA, May 8 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) and Nikola Corporation (NASDAQ: NKLA) announce today that they are excited to enter a new phase of their partnership, which started in 2019 and has so far met all milestones to leverage the respective expertise to deploy zero-emission heavy-duty (Class [...]
LATHAM, N.Y., Dec. 15 (Korea Bizwire) – Plug Power (Nasdaq: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced a strategic relationship focused on moving the hydrogen economy forward. Plug and Nikola have executed a [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Energy Solution Ltd., a leading South Korean battery maker, has signed a battery supply contract with Nikola Corp., a U.S. electric vehicle startup, according to industry sources Friday. The Arizona-based company said in its third-quarter earnings report it entered into a long term battery supply agreement with LG [...]
SEOUL, July 1 (Korea Bizwire) — Hanwha Group, a South Korean energy-to-defense conglomerate, said Thursday it has sold part of its stake in U.S. electric truck maker Nikola Corp. for US$53.7 million. Green Nikola Holdings, Hanwha’s U.S. subsidiary, sold 2.9 million Nikola shares, which lowered its ownership from 5.6 percent to 4.86 percent, according to [...]
SEOUL, March 18 (Korea Bizwire) — Hanwha Group, a South Korean energy-to-defense conglomerate, plans to sell half of its stake in U.S. electric truck maker Nikola Corp., the two companies said Thursday. Green Nikola Holdings, Hanwha’s U.S. subsidiary that holds a 5.65 percent share in Nikola, plans to sell up to 11.1 million shares over [...]
London, June 8 (Korea Bizwire) - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced the following updates on the $250 million investment, made through its IVECO commercial vehicle segment, in Nikola Corporation (NASDAQ: NKLA) as a consequence of the completion, on June 3, 2020, of the previously announced merger between VectoIQ Acquisition Corp., a [...]
London, Feb. 6 (Korea Bizwire) - IVECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH Industrial N.V. (NYSE: CNHI/ MI: CNHI), and Nikola Motor Company will manufacture, through their European Joint Venture, the Nikola TRE in Ulm, Germany, at the IVECO manufacturing facility. This strategic and exclusive Heavy-Duty Truck partnership saw CNH Industrial [...]
London, Dec. 3 (Korea Bizwire) - IVECO and FPT Industrial, brands of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) and NIKOLA today presented the scope and plans of their joint venture and collaboration agreement established to accelerate industry transformation towards emission neutrality of Class 8 heavy-duty trucks in North America and Europe through the adoption [...]