Iveco, FPT Industrial and Nikola Corp. announced they have begun development of the joint venture’s first truck: the battery-electric Nikola TRE, which is based on the new Iveco S-WAY commercial vehicle platform and integrates Phoenix-based Nikola’s truck technology, controls and infotainment.
Iveco and FPT Industrial — which are the commercial vehicle brand and powertrain division, respectively, of London-based CNH Industrial — will contribute their engineering and manufacturing expertise to industrialize battery electric, and eventually fuel cell, trucks.
