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Tag Archives: Nikola Corporation
SEC Charges Nikola Founder Trevor Milton With Fraud
The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, alleges that Milton founded Nikola in 2015 with the primary goal of manufacturing trucks that run on alternative fuels with low or zero emissions, and building an alternative fuel station infrastructure to support those vehicles. Milton allegedly helped Nikola raise more than $1 billion in private offerings and go public through a business combination conducted by a special purpose acquisition company (SPAC). Continue reading
Bosch Starts Mass Production of a Fuel-Cell Power Module
“Bosch knows its way around hydrogen, and Bosch is growing with hydrogen, “said Bosch chair Stefan Hartung. Bosch is spending ~€2.5 billion in H2 technology from 2021 to 2026. Bosch is active in the whole hydrogen value chain, developing technology for its production and application. By 2030, Bosch claims it will generate sales of roughly ~€5 billion with hydrogen technology. Continue reading →