Nikola Corporation (NASDAQ:NKLA) shares are trading higher after the company announced a partnership with CNH Industrial to develop and produce a complete line-up of zero-emission heavy-duty trucks.
“By leveraging the partners’ respective expertise and technological know-how, the project has very quickly moved from the drawing board to the trial stages with the prototypes already built,” said in the company’s report.
Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.
Nikola’s stock was trading about 7.6% higher at $16.96 at the time of writing. The stock has a 52-week high of $76.30 and a 52-week low of $9.37.
