The California company Total Transportation Services Inc. has issued a letter of intent to purchase 100 battery-electric vehicles (BEVs) from electric startup Nikola, whose Nilola Tre BEV is designed for local deliveries up to 350 miles.
Nikola’s recent dealership network expansion brings the number of Nikola sales and service locations up to 116 across the United States.
A new agreement between General Motors and Nikola shifts the focus to electrified heavy-duty trucks, with GM no longer planning to build the electric Badger pickup truck for Nikola.
Nikola, which has yet to sell a truck, saw its market valuation surged to $31 billion — higher than Fiat Chrysler and Ford — in its first week of public trading.
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