Nikola's hydrogen production, distribution and fuel station network will operate under the HYLA brand name.Nikola, which wants to be a top producer of electric trucks powered by hydrogen, said its hydrogen production business and fuel stations will operate under the HYLA brand and will supply both its own big rigs and those of competitors.
The Phoenix-based company is on track to start production of fuel cell trucks for commercial customers this year, CEO and president Michael Lohscheller said via a webcast on Wednesday. Nikola has also developed mobile fueling units to support initial customers but plans to have 60 hydrogen stations up and running by 2026. The updates come as it struggles to win back investor support since founder Trevor Milton was accused of lying about its technology in 2020 and found guilty of fraud last year.
Nikola has pared back its business ambitions, which under Milton included electric pickups, military vehicles and battery-powered watercraft, to making and distributing hydrogen fuel and battery- and hydrogen-fueled trucks. And though its operations seem to have stabilized in recent months, its ability to raise additional funds for vehicle and fuel production facilities and fuel stations is unclear.
Where do they get the power for the fuel cells?
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