The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
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Hydrogen Vehicle Systems (HVS), a Scottish start-up founded in 2017 to develop a hydrogen-electric heavy truck, is changing course to avoid bankruptcy. The company faces over €10 million in debt and will now focus on retrofit conversions and selling its technology to cut costs. HVS was founded in Glasgow in 2017 by Abdul Waheed with the goal of designing a new hydrogen-electric heavy truck from the ground up to meet the UK’s goal of a zero-emission new truck fleet by 2040. Continue reading at newmobility.news.
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
Electric truck maker Nikola and some of its subsidiaries have filed for Chapter 11 bankruptcy protection in the US. Read on to know what this means
It looks like it is further going downhill with American hydrogen truckmaker Nicola, following a The Wall Street Journal and Bloomberg report that the...
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Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early...
Renault has unveiled its new generation of electric light commercial vehicles (LCVs), which will be called Estafette, Goelette, and Trafic. The names...
Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early...
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"Our goal is to be the household name for screen time that parents can feel good about."
Electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year....