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Nikola Moves Toward Hydrogen Fuel Cell Electric Truck Production Target

Nikola produced 43 fuel cell electric trucks in Q1, according to a news release.

That’s 12% to 14% of its annual goal to deliver 300 to 350 such trucks this year.

It wasn’t immediately clear how the company planned to ramp up production to meet the goal.

“All trucks wholesaled to Nikola dealers are destined for end customers,” the company said in the release. Forty trucks were wholesaled, and three remaining vehicles have already been allocated, according to Nikola.

In Q4, Nikola produced 42 fuel cell electric trucks and delivered 35 to dealers.

The OEM is meanwhile developing a hydrogen refueling network, and in February, the company opened a hydrogen refueling station in Ontario, California. “Nine are planned to be in place by the close of Q2,” the company previously said.

The company envisions developing a heavy-duty “hydrogen highway” with these stations.

In a LinkedIn post earlier this year, CEO and President Steve Girsky said 2024 will be a transformational year for not only Nikola but the industry.