Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Nikola Inks Battery Supply Agreement With Proterra

Nikola Proterra NKLA Mark Russell Nikola Corp

Nikola Corp (NASDAQ:NKLA) has signed a multi-year supply agreement with Proterra Inc (NASDAQ:PTRA) to power its zero-emission semi-trucks with Proterra's battery technology. The financial terms were not disclosed.
Nikola expects to incorporate the Proterra product in the Nikola Tre battery-electric vehicle (BEV) and Tre fuel cell electric vehicle (FCEV).
The first Proterra Powered Nikola semi-trucks are expected to be produced in Q4 of 2022, with Proterra delivering prototype systems to Nikola starting in Q2 of 2022.
"With the growing demand for the Nikola Tre BEV and FCEV, we have actively pursued battery supply through a dual-source strategy," said CEO Mark Russell.
Price Action: NKLA shares are trading lower by 2.18% at $9.86, and PTRA is lower by 5.10% at $9.58 on the last check Tuesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Clergy abuse survivors say there’s still ‘long ways to go’ after sentencing of New Orleans priest

Clergy abuse survivors say there’s still ‘long ways to go’ after sentencing of New Orleans priest

One survivor says local archbishop ‘should have been sitting right there next to’ abuser Lawrence Hecker at his hearing

The Guardian - US

Calls for abortion law change in England after couple sentenced for buying pills

Calls for abortion law change in England after couple sentenced for buying pills

Campaigners say case of Sophie Harvey and her partner exposes harmful and unnecessary criminalisation of women

The Guardian - UK

First Thing: 51 men found guilty in Pelicot mass rape trial

First Thing: 51 men found guilty in Pelicot mass rape trial

French man jailed for 20 years over abuse of ex-wife Gisèle Pelicot. Plus, Human Rights Watch accuses Israel of genocide for restricting Gaza water supply

The Guardian - UK

England’s hospitals ‘hit hard with early festive flu season’ as cases rise

England’s hospitals ‘hit hard with early festive flu season’ as cases rise

The latest figures show an average of 2,629 flu patients were in beds in England each day last week.

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Ministers urged to end ‘smokescreen’ of trail hunting as Boxing Day hunts near

Ministers urged to end ‘smokescreen’ of trail hunting as Boxing Day hunts near

Environment minister Mary Creagh said the Government is committed to banning the practice.

The Independent UK

Gisèle Pelicot rape trial: husband jailed for 20 years as all 51 men found guilty

Gisèle Pelicot rape trial: husband jailed for 20 years as all 51 men found guilty

Dominique Pelicot drugged his wife and invited dozens of men to rape her in their French home over nine years

The Guardian - UK

Related Stories

Top stories on inkl right now

Clergy abuse survivors say there’s still ‘long ways to go’ after sentencing of New Orleans priest

Clergy abuse survivors say there’s still ‘long ways to go’ after sentencing of New Orleans priest

One survivor says local archbishop ‘should have been sitting right there next to’ abuser Lawrence Hecker at his hearing

The Guardian - US

Calls for abortion law change in England after couple sentenced for buying pills

Calls for abortion law change in England after couple sentenced for buying pills

Campaigners say case of Sophie Harvey and her partner exposes harmful and unnecessary criminalisation of women

The Guardian - UK

First Thing: 51 men found guilty in Pelicot mass rape trial

First Thing: 51 men found guilty in Pelicot mass rape trial

French man jailed for 20 years over abuse of ex-wife Gisèle Pelicot. Plus, Human Rights Watch accuses Israel of genocide for restricting Gaza water supply

The Guardian - UK

England’s hospitals ‘hit hard with early festive flu season’ as cases rise

England’s hospitals ‘hit hard with early festive flu season’ as cases rise

The latest figures show an average of 2,629 flu patients were in beds in England each day last week.

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Ministers urged to end ‘smokescreen’ of trail hunting as Boxing Day hunts near

Ministers urged to end ‘smokescreen’ of trail hunting as Boxing Day hunts near

Environment minister Mary Creagh said the Government is committed to banning the practice.

The Independent UK

Gisèle Pelicot rape trial: husband jailed for 20 years as all 51 men found guilty

Gisèle Pelicot rape trial: husband jailed for 20 years as all 51 men found guilty

Dominique Pelicot drugged his wife and invited dozens of men to rape her in their French home over nine years

The Guardian - UK

Our Picks

Ancient bones shed new light on debate over origins of syphilis

Study finds 9,000-year-old remains in Americas hold genomes of bacteria family that causes disease

The Guardian - UK

I tried an EMF blocking device to reduce my exposure to potentially dangerous radiation. Here's what happened

There's no conclusive evidence that low to mid-frequency radiation from your personal electronic devices is harmful to your health, but some experts disagree.

CPS Is Investigating an Influencer Because Her Son Flinched in a Video

Hannah Hiatt isn't the first parent to face child welfare investigations sparked by an internet mob.

Woman Makes Sister Sleep In A Camper Van In A Damp Garage, Expects Half Her Lotto Winnings Later

Her sister let her sleep in the damp garage on condition that she pays rent, looks after the kids and pets, and helps with housework. Now that she's won the lotto, her sister wants half the winnings. The post Woman Makes Sister Sleep In A Camper Van In A Damp…

The 11 best Star Wars fonts to download

The force is strong with these free Star Wars fonts.

Tom Holland Revealed the Big Relationship Step He and Zendaya Plan to Take Next Christmas

The only reason it didn't happen this year, he says, is "since we’re both actors, we’re terrible at organizing things."

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play