CNH Industrial truck unit Iveco on Monday joined the alternative propulsion part...
TURIN, Italy - CNH Industrial truck unit Iveco on Monday joined the alternative propulsion party as it unveiled its first electric vehicle, which it will build in partnership with U.S. startup Nikola Motor Co.
“Just three months after we signed out partnerships, we have been able to deliver this prototype,” Nikola founder and Chief Executive Trevor Milton said at a dinner in Iveco’s hometown in Turin. The new truck is expected to give a boost to Iveco’s European business, as the smallest among the big European traditional truck makers competes with the might of Volkswagen, Daimler and Volvo Group.
Zita Zigan, an analyst at research firm LMC Automotive, said these vehicles have been displayed at recent shows but that it would take some time before any of these were ready for market launch.
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