Nikola Corporation reported a productive Q1 via the HYLA brand, producing 43 and wholesaling 40 Class 8 Nikola hydrogen fuel cell electric vehicles. Additionally, the return process for the BEV “2.0” trucks to customers has been initiated.
The company reports that all trucks wholesaled to Nikola dealers are destined for end customers. The three remaining hydrogen fuel cell electric trucks in the finished goods inventory at the end of the quarter have already been allocated and will be delivered in early April.
With Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and the energy brand, HYLA, Nikola says it’s driving the advancement of the complete hydrogen refueling ecosystem.
Nikola CEO Steve Girsky stated, “We are on track for a successful 2024 by continuing the momentum set in 2023. It’s about more than just setting goals. It’s about following through on our commitments. This includes not only the production and sale of our hydrogen fuel cell electric trucks but also the start of returns for our battery-electric trucks to customers.” He further added, “We anticipate further sales growth in future quarters as our HYLA hydrogen fueling solutions come online. This includes our recently celebrated first modular refueling station in Ontario, Calif., as well as our first Canadian refueling station in Edmonton, Alberta. It’s rewarding for our team to see us out on the field, leading the effort for the decarbonization of the industry.”
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