Nikola Corporation announced a collaboration with Saia to purchase or lease 100 zero-emission trucks

Nikola Corporation announced a collaboration with Saia LTL Freight (Saia), a less-than-truckload (LTL) company.

  • A Letter of Intent (LOI) to purchase or lease 100 Nikola Tre heavy-duty battery electric vehicles
  • The demonstration program will include three BEV trucks
  • Deliveries of 100 production vehicles are intended to occur between 2022 and 2024

Nikola Corporation (Nasdaq: NKLA) announced a collaboration with Saia LTL Freight (Saia), a less-than-truckload (LTL) company, to accelerate the implementation of heavy-duty electric transportation trucks. This collaboration includes a Letter of Intent (LOI) to purchase or lease 100 Nikola Tre heavy-duty battery electric vehicles (BEVs) following the satisfactory completion of a demonstration program.

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The demonstration program will include three BEV trucks in separate locations across the Saia network and is expected to begin in the first half of 2022. Deliveries of 100 production vehicles are intended to occur between 2022 and 2024, with the initial 25 targeted for 2022.

“We are thrilled that Saia has chosen to work with us,” said Nikola’s President of Energy and Commerical, Pablo Koziner. “Saia is a leader in the freight and logistics industry and will be a key development partner for Nikola. This announcement represents another milestone in our continuous progress towards the delivery of zero-emissions vehicles, energy solutions, and the sales and service network required to support our valued customers.”

“We are excited to partner with Nikola Corporation as we work to integrate battery-electric trucks into our tractor fleet,” said Saia President and CEO Fritz Holzgrefe. 


Source: Nikola Corporation

Market: EV Stocks | USA

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