Iveco, Nikola enter new partnership phase

In News, Iveco1 MinutesBy NZ Trucking magazineMay 12, 2023

Iveco Groupand Nikola have entered a new phase of their partnership to deploy zero-emission heavy-duty (Class 8) trucks in North America and Europe.

The two companies worked jointly at a steady pace, despite Covid-19 and supply chain challenges, to achieve the outcomes of the previous phase, launching Battery Electric Vehicles (BEV) and Fuel Cell Electric Vehicles (FCEV) for regional and long haulage.

Iveco Group will concentrate on Europe for the further development and commercialisation of its own battery electric and fuel cell electric trucks, which includes rolling out its financing business model GATE, and Nikola will focus its operations in North America, with an integrated approach to its customers, offering BEV, FCEV and hydrogen infrastructure via its HYLA brand.

Iveco will assume full ownership of the joint venture in Ulm, Germany andd continue developing vehicle control software for the jointly developed BEV and FCEV.

Nikola will be granted the IVECO S-Way technology license for North America and related component supply, and will gain joint ownership of the intellectual property of Generation 1 eAxles.