<h1 style="box-sizing: border-box; margin: 0px; font-weight: 500; line-height: 1.5; font-size: 2.4em; font-family: Poppins, sans-serif; color: var(--iq-title-text); letter-spacing: 1px; background-color: #ffffff;">Nikola Motor Company Announces New Electric Truck Concept</h1>
<p><img style="box-sizing: border-box; vertical-align: middle; border-style: none; max-width: 43%; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff; max-height: 382px; width: auto; height: auto; margin: 0px 10px;" src="https://i.imgur.com/M1ZW8ou.png" alt="Nikola Motor" align="left" /></p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">During the last year, the Nikola Motor Company has experienced significant setbacks and challenges. One of those challenges is the supply chain. The company is dealing with issues such as a shortage of parts and chips and soaring raw material prices. The company also hasn't reached its production targets. In fact, the company may not be able to reach its goal of 300 electric trucks this year.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company's first concept was a natural gas fueled turbine-electric semi truck. The interior of the vehicle would have included many cup holders and waterproof materials. In addition, it would have had a water fountain and a standard center console. It was advertised as being an electric-only vehicle and was expected to have a single charge range of about 300 miles.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company has also been embroiled in a scandal. Trevor Milton, the company's founder and former CEO, was indicted on federal fraud charges. According to reports, Milton misled investors about the products and technologies that would be offered by the company. The investigation was conducted by the US Securities and Exchange Commission. In addition, the report said that Milton was in charge of defrauding investors about the vehicles he planned to build. The company has since cut ties with Milton.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The Nikola Motor Company plans to disrupt the transportation industry worldwide. The company designs electric drivetrains, energy storage systems, and zero emission vehicle concepts. It has also recently entered into a partnership with EV technology firm Proterra. It will provide the company with proprietary battery technology.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company plans to begin regular production of the Nikola Tre FCEV in the second half of 2023. The hydrogen-powered version of the Tre will have a range of 500 miles and will be suitable for long-haul routes. It will be followed by a "next generation" fuel-cell model in 2025.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">Nikola Motors is working to increase its US manufacturing facility in Coolidge, Arizona. This will allow it to produce 20,000 vehicles per year. It will also gain access to ChargePoint's charging solutions. The company expects to complete Phase 2 expansion of the Coolidge, Arizona plant in the first quarter of 2023.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The Nikola Corporation is the American manufacturer of heavy-duty commercial battery electric vehicles. The company has presented several vehicle concepts over the past few years. Its most recent vehicle is the TTSI Tre FCEV, which has been tested on a total of 9,700 miles. The company has also delivered 48 Nikola Tre BEVs to dealers.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company says it is motivated to revolutionize the environmental impact of commerce. Its products are intended to improve safety, reduce emissions, and improve efficiency. In addition to developing zero-emission vehicle concepts, the company is also developing electric and fuel-cell drivetrains. In addition, the company has recently entered into a partnership with TE. The two companies worked together to develop solutions for high-speed data connectivity, vehicle sensing capabilities, and wire harnesses. The teams developed a USB Type-C connector that is adaptable to the different vehicles it produces.</p>