CNH Industrial brands IVECO and FPT together with Nikola Motor Company announce future Nikola TRE production in Ulm, Germany

In the first stage of the project, EUR40 million will be invested by the joint-venture Company to upgrade the manufacturing facility, which will focus on final assembly of the vehicle. Start of production is anticipated within the first quarter of 2021, with deliveries of the Nikola TRE beginning in the same year. "The Nikola TRE is proving to be the most advanced articulated truck in the world and will continue to set the standard for zero-emission vehicles today and in the future" said Trevor Milton, Chief Executive Officer, Nikola Motor Company. "The decision to volume produce the TRE in the city of Ulm is a fitting example of how to create jobs, foster innovation, provide certainty to new zero- emission part suppliers and serve as an example to other OEM's.

The world is ready for zero- emission freight transportation, and the joint venture between Nikola and IVECO will be the first to deliver. I look forward to seeing the first production vehicles come off the line." The first models to enter production will be the battery-electric 4x2 and 6x2 articulated trucks with modular and scalable batteries with a capacity of up to 720 kWh and an electric powertrain that delivers up to 480 kW of continuous power output.

The Ulm facility will receive module supplies from IVECO s manufacturing locations in Valladolid and Madrid, Spain, which will enable a rapid ramp up to meet expected customer demand. Fuel-cell electric versions, built on the same platform, will be tested under the EU-funded H2Haul project during 2021 for an expected market launch in 2023. The Nikola TRE currently in development is based on the new IVECO S-WAY platform and integrates Nikola's truck technology, controls and infotainment.

Testing is expected to begin in mid- 2020 with prototypes showcased at the IAA 2020 commercial vehicle exhibition in Hannover, Germany this September. "By drawing on our Gold standard World Class Manufacturing sites in Madrid and Valladolid, Spain, where the IVECO S-Way is produced, we are able to accelerate final assembly, powertrain integration and high-end customization of the Nikola TRE for a timely market introduction in 2021" said Gerrit Marx, President Commercial and Speciality Vehicles, CNH Industrial. This Joint Venture forms part of a wider partnership established with Nikola to accelerate industry transformation towards emission neutrality of Class 8 heavy-duty trucks in North America and Europe through the adoption of fuel-cell technology.

The primary focus of the collaboration is to leverage each partners' respective expertise to successfully deploy zero-emission heavy-duty trucks and to disrupt the industry with an entirely new business model.

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