The Nikola car brand is a Serbian car manufacturer that produces a range of vehicles, including sedans, hatchbacks, and SUV models. The company has its headquarters in Belgrade and operates a plant in Kragujevac. Nikola also exports its cars to several countries in Europe and Asia.
The company was founded in 2008 by Zoran Bogdanovic, and its first car, the Nikola One, was launched in 2010. The Nikola Two, a hatchback model, followed in 2012. In 2015, the company introduced its first SUV model, the Nikola Tre.
Nikola cars are known for their stylish design and high quality. The brand has won several awards, including the Golden Steering Wheel Award in 2012 and the Car of the Year Serbia award in 2013.
The Nikola car brand is expanding its operations and plans to introduce new models in the future. The company is also working on electric cars and plans to launch its first model, the Nikola e-One, in 2020.
Nikola Corporation is an American electric vehicle and renewable energy company founded in 2015. It is named after Nikola Tesla. The company’s flagship product is the Nikola One. This Class 8 semi-truck uses a hydro generator to supplement the battery, providing a range of up to 1,200 miles (1,900 km) on a single charge.
The Nikola Two is a Class 8 day cab tractor with a 200kW electric motor and 320kWh battery pack. It has a range of 500 miles (800 km) and can regenerate 75% of its battery life in 30 minutes. The Nikola Tre is a Class 8 tandem-axle day cab tractor with a 300kW electric motor and 450kWh battery pack. It has a range of 750 miles (1,200 km) and can regenerate 75% of its battery life in 15 minutes.
Nikola also produces the Nikola Zero, an all-electric UTV with a 100kW electric motor and 40kWh battery pack. It has a range of 200 miles (320 km) and can regenerate 50% of its battery life in 10 minutes.
Nikola car future
Nikola is a transportation and energy company focusing on zero-emission hydrogen-electric vehicles, energy storage systems, and electric vehicle drivetrains. The company is named after Nikola Tesla. Nikola Corporation was founded in 2015 by Trevor Milton. The current CEO is Mark Russell. As of September 2020, the company has a market capitalization of $25 billion.
Nikola has partnership agreements with many companies, including General Motors, Bosch, Phillips66, American Fuel Cell, Nel ASA, and others. In 2020, the company announced plans to build a gigafactory in Arizona to produce batteries and fuel cells.
The company has three main business segments: zero-emission vehicles, energy storage, and drivetrains. The zero-emission vehicle segment includes hydrogen-electric vehicles’ design, development, production, and sale. The energy storage segment comprises the design, development, production, and sale of lithium-ion batteries and methanol fuel cells. The drivetrain segment includes the design, development, display, and sale of electric vehicle drivetrains.
In May 2020, Nikola signed a definitive purchase agreement with General Motors to supply batteries and fuel cells. In September 2020, the company announced plans to go public through a merger with VectoIQ Acquisition Corp., a publicly traded particular purpose acquisition company. After the union is complete, Nikola will be listed on the Nasdaq stock exchange under the ticker symbol NKLA.
Nikola expects to produce and deliver 300 to 500 semi-trucks to customers in 2022. In 2021, the company burned around $500 million as it built out its production facilities, and investors should expect a similar or higher burn rate in 2022. The company has yet to generate any revenue from sales of its vehicles or energy storage products. However, it has received over $6 billion in vehicle pre-orders.
It remains to be seen how big Nikola will be in five years. However, given the significant investments made by partnerships like General Motors and VectoIQ Acquisition Corp., as well as the high number of pre-orders for its vehicles despite no revenue yet being generated – it seems likely that Nikola will continue to increase in size and influence within the next five years.