iaa

Nikola has recently announced an agreement with ENGS Commercial Finance, a member of Mitsubishi HC Capital Group, specializing in technology-enabled financing solutions to sellers and buyers of commercial equipment. The agreement is aimed at supporting customers in their transition to battery-electric (BEV) or fuel-cell (FCEV) trucks. As a matter of fact, Nikola has started producing its Nikola Tre BEV trucks at Coolidge manufacturing facility in Arizona in March 2022, while the Nikola Tre FCEV deliveries are expected in 2023.

What will Nikola and ENGS do under the agreement

Working directly through the Nikola dealer network, ENGS will offer customer finance solutions for the purchase of Nikola vehicles, charging assets and infrastructure requirements to offer a broad range of financial solutions to Nikola customers. The agreement furthers Nikola’s commitment to secure partnerships with well-established transportation finance specialists to offer customized financing solutions for Nikola dealers and customers. The financing company will also help Nikola and its dealers facilitate sales by offering floorplan financing solutions to the dealers, parts and service financing and other related capital requirements.

Potrebbe interessarti

Tevva launches its very first hydrogen truck with up to 500 km range

The fuel cell system tops up the battery, extending the vehicle’s range and allowing the truck to carry heavier loads over longer distances. One advantage of using the fuel cell as a range extender, rather than the primary source of power, is that it allows Tevva to provide smaller, cheaper and ligh…

FCEV truck with liquid hydrogen? Mercedes-Benz starts testing it

Liquid hydrogen has a significantly higher energy density in relation to volume compared to gaseous hydrogen. As a result, more hydrogen can be carried, which significantly increases the range and enables comparable performance of the vehicle with that of a conventional diesel truck.

Li-Cycle and Arrival to cooperate on lithium-ion battery recycling

By utilizing Li-Cycle’s breakthrough, commercial lithium-ion battery recycling technologies, end-of-life batteries from Arrival’s EV fleets in the U.S.A and Europe can be transformed into battery grade material that could be used in the production of new batteries for new Arrival vehicles.
News

Nearly 50,000 people visited Solutrans 2021. The final report

Solutrans 2021 was visited by nearly 50,000 people, quite stable compared to the last edition in 2019. The French Bodywork Federation (FFC), which organized the event, underlined that nearly all the events held in Europe see a decline of about 20 percent in terms of visitors. Furthermore, about 1,00…

Daimler Truck gets prepared for stock market listing in December

«We have a clear ambition for Daimler Truck. We’re committed to achieving higher profitability and to going full speed to win the race to zero emissions. We can’t wait to make our company even stronger. Ahead of the planned public listing we are ready for independence and for unlocking our full valu…
News

Iveco Group: future organization and top managers unveiled

"With this structure in place, we are ready to embark on our exciting future. It provides clarity from the start and from the top, placing customer-centricity at its core and setting forth a high-performing team with well-defined roles and accountabilities that mutually complement each other", said …
News

Hydrogen fuel cell trucks, Cummins and Air Products sign MoU

Within the framework of the cooperation, Cummins will provide hydrogen fuel cell electric powertrains integrated into selected OEM partners’ heavy-duty trucks for Air Products, as Air Products begins the process of converting its global fleet of distribution vehicles.

IRU Green Compact 2050, a roadmap to carbon neutrality

IRU, the world road transport organization, has been promoting the so-called Green Compact 2050, a roadmap to be shared with international policy makers as well as business players aimed at effectively reduce CO2 emissions in commercial transport to net zero by 2050. On June 24, a digital event was …

Volta Zero, Italy is the next stage of the European tour

Volta Trucks has confirmed that the Volta Zero will make its Italian debut between 7 and 11 June in Milan. The customer event in Italy comes soon after similar successful French and Spanish events that have seen over 600 individual demonstrations of the Volta Zero in COVID-secure environments.

«Our partnership with ENGS will strengthen our ability to help even more fleets transition to zero-emissions by offering a variety of innovative solutions for those customers that require alternative financing options», said Nikola Chief Financial Officer Kim Brady.

«The best customer finance products»

«We are very excited to partner with Nikola. We share many of the same goals on sustainability and technology», said Jim Freund, ENGS Executive Vice President & Chief Marketing Officer. «We look forward to working closely with Nikola and their dealer network to provide the best customer finance products in the market to help promote the sale of Nikola trucks».

Tom Canepa, ENGS VP Sustainable Development Solutions, added, «Working with companies that promote Sustainable Development Goals initiatives is very important to us, and we are proud to partner with Nikola and its dealers».

Highlights

Related articles