Iveco, FPT Industrial and NIKOLA launch their partnership to achive Zero-Emissions transport
December 03 2019 - 6:00AM
CNH Industrial brands present the scope of the partnership with
NIKOLA and its ambitious goal of achieving zero emissions.
London, December 3, 2019
IVECO and FPT Industrial, brands of CNH
Industrial N.V. (NYSE: CNHI / MI: CNHI) and NIKOLA today presented
the scope and plans of their joint venture and collaboration
agreement established to accelerate industry transformation towards
emission neutrality of Class 8 heavy-duty trucks in North America
and Europe through the adoption of fuel-cell technology.
This comes three months after CNH Industrial’s
announcement at its Capital Markets Day, held on September 3 2019,
involving its IVECO commercial vehicles brand and its powertrain
division FPT Industrial, of the intention to enter into a strategic
partnership with NIKOLA Motors. The primary focus of the agreement
is to leverage the partners’ respective expertise to successfully
deploy Zero-Emission heavy-duty trucks and to disrupt the industry
with a new business model.
The partnership includes the creation of a
European joint venture to develop and distribute cab-over hydrogen
fuel-cell and battery-electric trucks for the European market.
NIKOLA will provide its class-leading fuel-cell expertise and
advanced technologies, as well as its disruptive business model
that foresees an industry-first all-inclusive lease rate. IVECO,
together with FPT Industrial, will contribute their engineering and
manufacturing expertise to industrialize the fuel-cell and battery
electric trucks.
IVECO, FPT Industrial and NIKOLA have started
development of the joint-venture’s first truck: the battery
electric NIKOLA TRE, which is based on the new IVECO S-WAY
heavy-duty truck platform and integrates NIKOLA’s proprietary
technology, controls and infotainment. Testing is expected to begin
in mid-2020, with the European public launch planned for the IAA
September 2020 commercial vehicle exhibition in Hannover, Germany.
Sales and aftersales support of the NIKOLA TRE will be provided by
IVECO’s widespread European dealer network.
“The increasing focus on the recognition that
there needs to be fundamental reductions in automotive emissions is
driving our industry to rapidly seek advanced technological
solutions,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH
Industrial. “This joint-venture with NIKOLA is testament to both
partners’ technical expertise, which will result in tangible
environmental benefits for Europe’s long distance hauliers.”
“This partnership is a win-win for everyone
involved. From the moment we launched the NIKOLA ONE in 2016, truck
drivers and government officials have been asking for us to bring
NIKOLA to Europe," said Trevor Milton, Chief Executive Officer,
NIKOLA Motors. "We needed the right partner to help us enter the
European market and CNH Industrial is the right commercial
partner.”
CNH Industrial
N.V. (NYSE: CNHI /MI: CNHI) is a global leader in
the capital goods sector with established industrial experience, a
wide range of products and a worldwide presence. Each of the
individual brands belonging to the Company is a major international
force in its specific industrial sector: Case IH, New Holland
Agriculture and Steyr for tractors and agricultural machinery; Case
and New Holland Construction for earth moving equipment; Iveco for
commercial vehicles; Iveco Bus and Heuliez Bus for buses and
coaches; Iveco Astra for quarry and construction vehicles; Magirus
for firefighting vehicles; Iveco Defence Vehicles for defence and
civil protection; and FPT Industrial for engines and transmissions.
More information can be found on the corporate website:
www.cnhindustrial.com
Sign up for corporate news alerts from the CNH
Industrial Newsroom:
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Media
contacts:
Laura Overall Corporate Communications
ManagerCNH Industrial Tel. +44 (0)2077 660
338
E-mail: mediarelations@cnhind.com
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- CNH INDUSTRIAL N.V.
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