London, February 6, 2020
IVECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH Industrial N.V.
(NYSE: CNHI/ MI: CNHI), and Nikola Motor Company will manufacture, through their European Joint
Venture, the Nikola TRE in Ulm, Germany, at the IVECO manufacturing facility.
This strategic and exclusive Heavy-Duty Truck partnership saw CNH Industrial taking a $250 million
stake in Nikola as the lead Series D investor. The partnership announcement at the CNH Industrial
Capital Markets Day in September 2019, was quickly followed in December with the unveiling of the
Nikola TRE, a battery electric vehicle (BEV) heavy duty truck, which is the first step towards the fuelcell electric (FCEV) model.
Today, the site in Ulm is IVECO’s chassis engineering hub, ideally situated at the heart of the BadenWürttemberg region, which is striving to become a leading hub for fuel-cell mobility thanks also to its
skilled workforce and research labs. The region has committed a substantial investment to fund
research and development projects in the area which has a strong automotive industry, with strategic
project partnerships, meaning the Ulm facility will benefit from close proximity to key suppliers.
Furthermore, the German Federal Government recently released its draft National Hydrogen
Strategy, which has the aim of expanding the pioneering role of Companies in hydrogen
technologies. In this strategy, it commits a total of two billion euro to fund the hydrogen innovation
programme, incl. the development of the necessary distribution infrastructure.
“Our European joint-venture with NIKOLA and today’s announcement, is real proof that zeroemission long-haul transport is becoming a reality, resulting in tangible environmental benefits for
Europe’s long distance hauliers and its citizens,” said Hubertus Mühlhäuser, Chief Executive Officer,
CNH Industrial. “The decision to build the Nikola TRE in Ulm – a center of heavy-duty truck
engineering excellence – underscores the site’s strategic location at the heart of Germany’s fuel cell
In the first stage of the project, €40 million will be invested by the joint-venture Company to upgrade
the manufacturing facility, which will focus on final assembly of the vehicle. Start of production is
anticipated within the first quarter of 2021, with deliveries of the Nikola TRE beginning in the same
“The Nikola TRE is proving to be the most advanced articulated truck in the world and will continue to
set the standard for zero-emission vehicles today and in the future” said Trevor Milton, Chief
Executive Officer, Nikola Motor Company. “The decision to volume produce the TRE in the city of
Ulm is a fitting example of how to create jobs, foster innovation, provide certainty to new zeroemission part suppliers and serve as an example to other OEM’s. The world is ready for zeroemission freight transportation, and the joint venture between Nikola and IVECO will be the first to
deliver. I look forward to seeing the first production vehicles come off the line.”
The first models to enter production will be the battery-electric 4x2 and 6x2 articulated trucks with
modular and scalable batteries with a capacity of up to 720 kWh and an electric powertrain that
delivers up to 480 kW of continuous power output.
The Ulm facility will receive module supplies from IVECO´s manufacturing locations in Valladolid and
Madrid, Spain, which will enable a rapid ramp up to meet expected customer demand. Fuel-cell
electric versions, built on the same platform, will be tested under the EU-funded H2Haul project
during 2021 for an expected market launch in 2023.
The Nikola TRE currently in development is based on the new IVECO S-WAY platform and
integrates Nikola’s truck technology, controls and infotainment. Testing is expected to begin in mid2020 with prototypes showcased at the IAA 2020 commercial vehicle exhibition in Hannover,
Germany this September.
“By drawing on our Gold standard World Class Manufacturing sites in Madrid and Valladolid, Spain,
where the IVECO S-Way is produced, we are able to accelerate final assembly, powertrain
integration and high-end customization of the Nikola TRE for a timely market introduction in 2021”
said Gerrit Marx, President Commercial and Speciality Vehicles, CNH Industrial.
This Joint Venture forms part of a wider partnership established with Nikola 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. The primary focus of the collaboration is to leverage
each partners’ respective expertise to successfully deploy zero-emission heavy-duty trucks and to
disrupt the industry with an entirely new business model.