By Sabela Ojea
Nikola Corp. said Friday it is moving its Cypress, Calif.-based battery manufacturing making plant to Arizona as part of a cost management plan.
The manufacturer of commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions said its manufacturing Coolidge, Ariz., plant would now include truck and fuel-cell power module assembly, as well as battery module, pack production and battery-line automation.
The company intends to complete the move early in the third quarter, and will close the California-based production facility in July.
A battery engineering presence is expected to remain in California at a separate facility.
"This decision reinforces our commitment to finding ways to optimize our cost structure and create a sustainable business model," President and Chief Executive Michael Lohscheller said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
Bagikan Berita Ini
0 Response to "Nikola to Move Battery Manufacturing to Arizona Facility - MarketWatch"
Post a Comment