Autos

Nikola shares surge on fuel station plans with TravelCenters of America

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Nikola Motor Company Hydrogen fuel

Source: Nikola Motor Company

Shares of embattled electric truck manufacturer Nikola surged during early trading Thursday after the company reconfirmed production targets and announced a limited collaboration on hydrogen fueling stations with TravelCenters of America.

The plans include installing hydrogen fueling stations for heavy-duty trucks at two sites in California for TravelCenters of America, which is the largest publicly traded company that runs full-service travel centers in the U.S. The initial stations are “a first step for the parties to explore the mutual development of a nationwide network,” according to Nikola.

Shares of Nikola seesawed in…



Source cnbc.com

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