Electrical heavy-truck startup Nikola introduced on Wednesday that it has begun manufacturing of the battery-powered model of its electrical Tre semitruck at its manufacturing unit in Coolidge, Arizona.
The corporate plans to start deliveries of the vans within the second quarter, officers mentioned throughout a presentation for analysts. Manufacturing of vans for purchasers started on Monday.
Nikola shares had been up about 5% in after-hours buying and selling following the announcement.
The battery-electric model of the Tre is meant for shorter routes, with an estimated vary of about 350 miles. Nikola expects to ship between 300 and 500 of the vans this yr earlier than ramping up manufacturing to a better degree in 2023.
Nikola plans to observe the battery-electric Tre with a model powered by a hydrogen gasoline cell that can include vary of as much as 500 miles, appropriate for longer routes. The hydrogen Tre is on observe to start delivery late 2023, the corporate confirmed.
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