CNH Partners With Nikola For Zero-Emission Heavy-Duty Trucks

CNH Industrial NV CNHI has entered into a partnership agreement with Nikola Corporation NKLA to develop and produce a complete line-up of zero-emission heavy-duty trucks.
VECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH, began their collaboration with Nikola at the end of 2019 to develop and deploy zero-emission Class 8 heavy-duty trucks.
The project has moved from the drawing board to the trial stages with the prototypes already built.
Price action: CNHI shares are trading higher by 0.58% at $17.28 on Wednesday.