Commercial EV manufacturer Nikola Corporation announced it has signed an agreement to acquire EV battery developer Romeo Power Inc. Nikola will absorb Romeo’s battery manufacturing facility in Southern California and begin engineering its own EV packs in-house.
Nikola Corporation ($NKLA) is an American manufacturer of zero-emission vehicles (ZEVs) that continues to make positive strides forward after a very turbulent and tabloid-worthy start as a young EV company.
This past March, Nikola began serial production of its all-electric Tre truck in Coolidge, Arizona, followed by first deliveries in April. The automaker only reported eleven Tre deliveries for Q1 of 2022, but we should have Q2 numbers soon, so stay tuned on that.
Despite low initial output, Nikola has successfully developed, produced, and delivered commercial EVs that have qualified for huge incentives in both…