US hydrogen-electric truck maker Nikola faces bankruptcy

2025-02-08 17:11
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According to reports, American hydrogen electric truck manufacturer Nikola is facing a bankruptcy crisis and is currently working with a law firm to explore a variety of possible options, including selling the company or bankruptcy reorganization. Nikola's representative said that the company is evaluating its financial situation and liquidity needs and considering financing and other options. Nikola was once hailed as a strong competitor in the sustainable long-distance transportation market, and the most eye-catching was its accusation that Tesla Semi truck copied the design of its Nikola One prototype. The latest quarterly report shows that the company has produced more than 80 trucks at a net loss of nearly $200 million.