Nikola (NKLA) relocates its battery manufacturing to put all EV production under one roof
Commercial EV manufacturing Nikola Corporation announced it is moving its battery manufacturing operation from its current site in Cypress, California to its production facility in Coolidge, Arizona. With the move, Nikola will create on holistic EV assembly process all taking place under one roof.
With the start of 2023, Nikola Corporation ($NKLA) continues to make strides forward, furthering its distance from a turbulent past in the public eye. Although we haven’t seen Q4 numbers for 2022 yet, the commercial EV automaker showed signs of progress in Q3, reporting deliveries of 63 of its Tre BEV trucks and $24 million in revenue.