Nikola, which plans to sell hydrogen fuel cell trucks and all-electric pickups, merged with a SPAC named VectoIQ Acquisition ahead of its IPO.
"This will be a lifestyle vehicle," Kranz tells CNBC. He said the company, which is merging with a special purpose acquisition company, or SPAC, gives it "a huge opportunity to access the resources and develop our vehicles and bring them to market." "There is a very clear message from the markets: We want to invest in ESG, we want to invest in vehicle electrification," Deutsche Bank Analyst Emmanuel Rosner told CNBC. Rosner says it seems like there is an EV SPAC almost every day as start-ups raise billions to develop and build electric vehicles scheduled to go on sale over the next couple of years.
Hey, Go future soon.. Old model fuel enough.
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