IVECO, Nikola and FPT Industrial form partnership

IVECO, Nikola and FPT Industrial form partnership

Vehicle manufacturers IVECO, Nikola Corporation and FPT Industrial have joined forces to accelerate emission neutrality of Class 8 heavy duty vehicles by deploying fuel cell technologies in North America and Europe.

The announcement comes just three months after CNH Industrial’s strategic partnership with Nikola, involving its IVECO commercial vehicles brand and its powertrain division FPT Industrial.

CNH invests $250m in Nikola 

The newly announced partnership has a main focus to successfully deploy zero emission and heavy duty trucks to disrupt the industry with a new business model.

“The increasing focus on the recognition that there needs to be fundamental reductions in automotive emissions is driving our industry to rapidly seek advanced technological solutions,” said Hubertus M. Mühlhauser, CNH Industrial CEO.

“This joint-venture with Nikola is testament to both partners technical expertise, which will result in tangible environmental benefits for Europe’s long-distance hauliers.”

The partnership includes the creation of a European joint-venture to develop and distribute cab-over hydrogen fuel cell and battery electric trucks for the European market.

Nikola will provide its fuel cell expertise and advanced technologies, as well as its disruptive business model that foresees an industry-first all-inclusive lease rate.

VECO and FPT Industrial will contribute engineering and manufacturing expertise to industrialise fuel cell and battery electric trucks.

“Our industry is changing fast, driven by tightening emissions regulations and younger generations demanding the creation of a circular economy to preserve the environment for their future,” said Gerrit Marx, President of Commercial and Speciality Vehicles at CNH Industrial.

“Now is the time to act and deliver a zero emissions solution that relies on fuel cell electric technology. We are embracing this technology early, and thoughtfully, as an opportunity to benefit from this approaching moment of technological discontinuity and start the proactive transformation of the transport sector.”

“This partnership is a win-win for everyone involved. From the moment we launched the Nikola ONE in 2016, truck drivers and government officials have been asking for us to bring Nikola to Europe,” said Trevor Milton, Nikola Motors CEO.

“Look at what we have accomplished in three months, now imagine what we will accomplish in three years with CNH Industrial as our partner.”

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