is “laser-focused on delivering vehicles and generating revenue,” in line with CEO Mark Russell. To assist it attain these targets, the embattled firm is making ready to ramp up manufacturing of the battery-electric Tre semi-truck. Russell stated Nikola expects to begin “series production of the Tre BEV on March 21.” The firm plans to ship as much as 500 manufacturing Tre BEVs this 12 months, beginning within the second quarter.

It delivered the primary two Tre BEVs to a port trucking firm in California in December as a part of a three-month pilot. It says the vans have logged greater than 4,500 miles between them and hauled a number of masses per day. One accomplished a 204-mile journey on a single cost. Anheuser-Busch, in the meantime, is testing two fuel-cell electrical variants of the Tre.

Nikola says its Coolidge, Arizona plant presently has a manufacturing capability of two,500 vans per 12 months. Work is underway on an enlargement that may enhance the capability to as much as 20,000 vans every year. Work on Phase 2 of the power needs to be accomplished in early 2023. Meanwhile, Nikola’s plant in Ulm, Germany is presently able to producing 2,000 vans per 12 months, although that determine is expandable to 10,000 vans.

In its , the corporate touched on among the controversies which have plagued it over the previous couple of years. It reached an settlement with the in December to settle civil costs that it defrauded buyers. The firm is paying a over two years. Nikola is in search of reimbursement from founder Trevor Milton for prices and damages it incurred in reference to authorities and regulatory investigations.

A grand jury indicted Milton on fraud costs final 12 months. Nikola’s allegedly lied to buyers about “nearly all aspects of the business” in makes an attempt to extend Nikola’s share worth. Milton, who has denied the costs in opposition to him, is about to go on trial in April.