Heavy Duty Electric Battery Truck Manufactured in Germany
ULM, GERMANY — IVECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH Industrial N.V., and Nikola Motor Company will manufacture, through their European joint venture, the Nikola TRE in Ulm, Germany, at the IVECO manufacturing facility.
The heavy-duty truck partnership saw CNH Industrial taking a $250-million stake in Nikola as the lead Series D investor. The partnership was announcement at the CNH Industrial Capital Markets Day in September 2019 was quickly followed in December with the unveiling of the Nikola TRE, a battery electric vehicle (BEV) heavy duty truck, which is the first step towards the fuel-cell electric (FCEV) model.