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Nikola Corp (NKLA) announced it had delivered the first production hydrogen fuel cell truck in North America during the fourth quarter. The company said it also remains on track to deliver the first reworked battery electric trucks back to customers by the end of Q1.

Nikola delivers first production hydrogen fuel cell truck

“Today we’re sharing what we’ve accomplished and how we are providing fully integrated zero-emissions mobility solutions to fleets right now,” Nikola president and CEO Steve Girsky said.

After announcing its fourth quarter and full-year 2023 results Thursday, Nikola had several exciting updates.

The company delivered what it believes to be the first production Class 8 hydrogen fuel cell truck in North America. Nikola proved it can design, build, and deliver hydrogen fuel cell trucks.

Nikola produced 42 hydrogen trucks, delivering 35 to dealers. The company reserved seven for testing and fleet demos. Girsky said on the earnings call that Nikola could have delivered more if it weren’t for supply chain issues.

Customers include Biagi Bros, IMC Logistics, 4Gen/ Duncan and Sons Lines, Alberta Motor Transport, and Coyote Container.

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Nikola Tre FCEV (Source: Nikola)

Nikola had 99.9% of the hydrogen fuel truck HVIP vouchers in California (355 of 360) in 2023 and through January 2024. Coyote Containers completed an 866-mile round trip from the Port of Oakland to the Port of Long Beach, refueling once at the HYLA Ontario station.

Battery electric trucks

After recalling all Tre BEV trucks last summer, Nikola said it’s on track to deliver the first reworked electric trucks equipped with new battery packs by the end of Q1. All trucks are expected to be returned to users by the end of Q2 or early Q3.

Once all BEV trucks are returned, Nikola will begin retrofitting the rest of the inventory to sell them by the end of 2024.

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Nikola Tre BEV (Source: Nikola)

Since October, an additional 33 HVIP voucher requests have been submitted for the BEV truck in California. According to Nikola, the BEV “2.0” will include several upgrades, including increased payload capacity.

Nikola’s revenue more than doubled in Q4 ($11.5M vs $5.5M) but slipped in 2023 ($35.8M) compared to 2022 ($49.7M).

Net losses were lower in Q4 ($153.6M vs $222M). However, Nikola’s losses widened from 2022, with a $966M net loss in 2023. Gross margins also fell to (597%) from (173%) in 2022 as the company looks overcome the recall.

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Nikola (NKLA) stock chart over the past 12 months (Source: TradingView)

Nikola’s stock is down 70% over the past 12 months and 99% from its ATH set shortly after going public in 2020.

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Elon Musk’s Tesla launches bid to supply electricity to British households

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Elon Musk's Tesla launches bid to supply electricity to British households

A photo shows the logo on US electric carmaker Tesla’s European headquarters in Amsterdam on May 2, 2025.

Ramon Van Flymen | Afp | Getty Images

Elon Musk’s electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses.

The Texas-based company formally submitted its request for an electricity license to the British energy regulator Ofgem at the end of last month, according to a notice on the watchdog’s website.

If approved, the move could pave the way for Tesla to compete with the big firms that dominate the U.K. energy market from as soon as next year.

The application, first reported by the Sunday Telegraph, came from Tesla Energy Ventures and was signed by Andrew Payne, who runs the firm’s European energy operations.

Tesla, which is best known as one of the world’s leading EV manufacturers, also develops solar energy generation systems and battery energy storage products.

Musk’s company already has an electricity supplier in Texas, called Tesla Electric. The service, which was launched in 2022, allows customers to optimize energy consumption and pays them for selling excess energy back to the grid.

Tesla’s push for a license to supply electricity to British households comes as the company endures a protracted European sales slump.

Data published last week by the U.K.’s Society of Motor Manufacturers and Traders (SMMT) showed Tesla’s new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago.

In Germany, meanwhile, Tesla car sales fell to 1,110 units in July, down 55.1% from the same month in 2024.

The latest sales figures underscored some of the challenges facing the company, which continues to face stiff competition, particularly from Chinese EV manufacturers, and reputational damage from Musk’s incendiary rhetoric and relationship with U.S. President Donald Trump’s administration.

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Volvo EX30 ducks 147% tariff threat with Ghent production switch

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Volvo EX30 ducks 147% tariff threat with Ghent production switch

In a move that helps the brand duck protectionist anti-Chinese tariffs, Volvo Cars has switched production of its award-winning EX30 models destined for US roads from its Zhangjiakou plant in China to the Ghent facility in Belgium.

Volvo EX30 production began in the company’s Ghent factory back in April, but those first cars were earmarked for the Swedish domestic and European export markets, but that move wasn’t primarily motivated by avoiding tariffs. As Electrive reports, the company seemed happy enough to continue importing its small electric crossover from China and accepting the new 28.8% tariffs (up from 10%), but the wait times to get the vehicles shipped in from China was imply too long.

In 2024, Swedish and German buyers had to wait up to eight months for their EX30 in some cases, according to Volvo Cars’ European boss, Arek Nowinski, per Automotive News. Once production in Ghent is fully up to speed, however, wait times should be cut to about 90 days. Those wait times, and the price hike associated with the tariffs, have hurt sales of the originally Chinese-made Volvo EV. In 2024, for example, the EX30 ranked third in European EV sales, but slipped out of the top 10 first half of 2025.

“The car is now being built in Europe, which means faster delivery times,” Volvo Cars CEO Hakan Samuelsson to Automotive News. “We should return to the sales and market share figures for the EX30 that we had before the introduction of tariffs.”

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Coming to Staying in America


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Volvo EX30; via Volvo Cars.

The EX30’s switch to Ghent is good news for American fans of the compact, lickety-quick Volvo EV. Now that it’s no longer exclusively made in China, Volvo has decided to give it a stay of execution as it revamps its US product lineup to better align with market trends (read: SUVs) and the changing political landscape (read: tariffs and inflation).

The reason? The Made in China version of the EX30 would virtually unsellable in the US due to the implementation of 147% tariffs on vehicles imported from China. Vehicles imported from Europe, meanwhile, carry just 15% tariffs, keeping the EX30 in a competitive price bracket.

Expect to see both Ghent and South Carolina play an increasingly large role in Volvo’s US product mix – at least for the next three-odd years.

SOURCE | IMAGES: Volvo Cars, Automotive News, via Electrive.


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BYD is coming with a ridiculous 3,000 hp electric supercar

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BYD is coming with a ridiculous 3,000 hp electric supercar

New filings have revealed that BYD is about to release a ridiculous 3,000 hp electric supercar: the Yangwang U9 Track Edition.

BYD already shocked the world when it launched the Yangwang U9, its first all-electric supercar.

It featured four advanced electric motors with a combined power of nearly 1,300 horsepower. The U9 can accelerate from 0 to 62 mph (0 to 100 km/h) in just 2.36 seconds.

With a motor at each wheel and a highly advanced electric-air suspension, the U9 can turn on itself and even jump over potholes.

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But that was only the beginning.

Based on a new filing with the Ministry of Industry and Information Technology (MIIT), BYD is preparing to launch a new ‘Track Edition’ of the Yangwang U9:

When an automaker releases a “track” version of a car, it typically primarily features body changes for better aerodynamic performance, adding downforce, and it will also often feature bigger brakes.

The Yangwang U9 ‘Track Edition’ appears to feature all that… and much more.

The filing reveals that BYD updated the motors at each wheel to a new 555 kW motor. That’s a higher-performing motor than in most performance electric vehicles. The U9 Track Edition has four of them for a total of 2,220 kW (3,019 hp).

I would have thought that this was a typo if it wasn’t for the insane electric vehicles coming out of China these days.

Here are a few pictures from the MIIT filing:

There are a lot of performance specs that are not included in the MIIT filing. Therefore, it will be interesting to see when the vehicle is fully unveiled and BYD reveals what kind of performance it can achieve with 3,000 hp packed in 4 electric motors.

Here are a few other features mentioned in the filing:

Standard features:

  • 20-inch wheels with 325/35 R20 tyres
  • Carbon-fibre roof
  • Large fixed carbon-fibre rear wing
  • Rear diffuser with adjustable blades for aerodynamic optimisation

Optional aerodynamic parts:

  • Standard or enhanced carbon-fibre front splitter
  • Electric rear wing

Electrek’s Take

How are they going to keep that thing from flying away? Seriously.

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