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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

Green Car Congress

Nikola’s business model supplies both the truck and hydrogen fueling infrastructure, solving the fleets’ concerns of where to refuel with green hydrogen at competitive pricing to diesel. Cowen is serving as financial and capital markets advisor, and Greenberg Traurig, LLP is serving as legal advisor to VectoIQ.

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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola intends to use the net proceeds from the sale of the Notes along with its other liquidity sources for business expansion in the form of scaling truck manufacturing and tooling setup, accelerating the development of its hydrogen infrastructure, as well as for general corporate purposes. —Nikola CFO Kim Brady.

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CaFCP: 1,000 H2 stations enabling 1M fuel cell electric vehicles on California roads in 2030

Green Car Congress

The vision document describes a self-sustaining market in 2030 for fuel cell electric vehicles and renewably hydrogen, and the strategic priorities necessary for realizing it. The CaFCP document envisions 1,000 hydrogen stations enabling upwards of 1,000,000 fuel electric vehicles on California roads in 2030.

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NIST develops prototype meter test for hydrogen refueling stations

Green Car Congress

To support the fair sale of gaseous hydrogen as a vehicle fuel, researchers at the National Institute of Standards and Technology (NIST) have developed a prototype Transient Flow Facility (TFF) to test the accuracy of hydrogen fuel dispensers. Three automakers plan to begin selling hydrogen-fueled vehicles to consumers in 2015.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

North America, Europe, and Asia Pacific will continue to drive PEV sales, as the technology will have only limited availability in the emerging markets of Latin America and Africa. The requirement has been extended through 2025; however, the mandated sales levels are not likely to be met, Navigant notes. Electric motorcycles breakout.

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California ARB approves ACC II rule; 100% of LDVs to be PHEVS, ZEV by 2035; LEV IV emissions requirements

Green Car Congress

Many states and nations have set targets and goals to phase out the sale of internal combustion cars. California’s is the most aggressive regulation to establish a definitive mechanism to meet required zero-emission vehicle (ZEV) sales that ramp up year over year, culminating in 100% ZEV sales in 2035.

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Riversimple introduces Rasa prototype two-seater fuel cell vehicle; 300 miles on 1.5kg H2; production version in 2018

Green Car Congress

unveiled the Rasa, a road-legal engineering prototype of its first two-seater hydrogen fuel cell road car, built for full European type approval. Riversimple plans to offer the car to motorists through a “sale-of-service” model. Riversimple plans to offer the car to motorists through a “sale-of-service” model.

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