The Nikola Two semi is powered by hydrogen fuel cells. Russell became CEO of Nikola this month, after the reverse merger with VectoIQ, while Milton shifted to the role of executive chairman. Nikola’s founder, who left college in his freshman year, briefly worked for Russell at Worthington, which provided early-stage funding for Nikola. Nikola has truck orders worth $10 billion from companies led by Anheuser-Busch, which wants 800 of its non-polluting behemoths. In 2024, Nikola expects to sell or lease 7,000 battery-powered units and 5,000 hydrogen fuel cell trucks, according to an SEC filing.

Source: Forbes June 12, 2020 18:33 UTC