Shares of Nikola Corp surged by 22 percent Monday morning after the company confirmed an order of thousands of all-electric refuse trucks for Republic Services, CNBC reports. The order includes 2,500 electrified chassis, with the option to increase the order up to 5,000 units, the aspiring zero-emissions truck manufacturer said in a release. The company expects manufacturing and testing of the trucks to being in early 2022, followed by deliveries in 2023. The company’s shares jumped 22 percent in morning trading to an intraday high of US$44.80 a share before retrenching to around US$41 a share, or about 12 percent.

Source: The Standard August 10, 2020 15:11 UTC