US electric truck firm announces $1 billion investment

A new hydrogen-electric truck manufacturing facility is being launched in the United States.

Nikola Motor Company is opening a 500-acre plant in Buckeye, Arizona and will be investing up to US$1 billion over the next six years.

It will also generate over 2000 jobs for the area with construction set for the end of 2019.

The company designs and manufactures hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen stations.

It’s promising to deliver the most advanced semi-trucks to market with over 8,000 trucks on pre-order with production to start next year.

Nikola founder and chief executive Trevor Milton says the company “aggressively pursuing” the goal of creating the “most advanced semi-truck ever built to market”.

The Nikola One and Two is set to deliver more than 1000 horsepower with zero emissions.