Nikola and Ryder terminate partnership

Nikola Corporation and American transportation company Ryder System have mutually terminated their exclusive partnership for the deployment of hydrogen electric semi-trucks.

As a result of the termination, both companies will now explore emerging opportunities within the growing commercial transportation industry.

“Ryder has been incredible to work with and they have been with us since late 2016,” said Trevor Milton, CEO of Nikola Corporation.

“As the market evolves, each of us are now free to expand our operations to other partners, something the previous agreement did not allow us to do.”

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