RTTNews | Sep 2, 2021 08:45AM EDT

08:45 Thursday, September 2, 2021 (RTTNews.com) - Nikola Corporation (NKLA) announced agreements with the Bosch Group of companies for fuel-cell manufacturing. Under the agreement, Bosch will supply both fully assembled fuel-cell power modules as well as major components to Nikola, including the fuel-cell stack, for Nikola to assemble at its manufacturing facility in Coolidge.

The fuel-cell power modules under the agreement are expected to launch in 2023, with the first application being the Class 8 regional-haul Nikola Tre fuel-cell electric vehicles. The Nikola Tre FCEV will also be launched in the EU.

Shares of Nikola were up 5% in pre-market trade on Thursday.

Read the original article on RTTNews ( https://www.rttnews.com/3222925/nikola-to-build-bosch-fuel-cell-power-modules-at-coolidge-arizona-facility-stock-up.aspx)

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