Strong Demand For Fuel Cell: Lohscheller

The transcript discusses Nikola's production and sales forecast for 2023, focusing on their battery electric and fuel cell trucks. The company aims to sell 375 to 500 trucks, with a significant emphasis on the North American market, including Canada. Despite past challenges, such as fraud charges and management changes, Nikola is optimistic about its future due to its competitive fuel cell truck and infrastructure setup. The company plans a capital raise to support its hydrogen infrastructure, partnering with Volterra to manage investments.

What are the two types of trucks Nikola has launched in the market?

• Battery electric and diesel trucks

• Diesel and hybrid trucks

• Battery electric and fuel cell trucks

• Fuel cell and hybrid trucks

What is the expected production range for Nikola's trucks in 2023?

• 500 to 600 trucks

• 200 to 300 trucks

• 300 to 400 trucks

• 375 to 500 trucks

What is a key advantage of Nikola's fuel cell truck over the battery electric truck?

• Better design

• Higher speed

• Lower production cost

• Longer range and shorter fueling time

Why did Nikola sell their European business to Iveco?

• To focus on the Asian market

• To focus on the North American market

• To focus on the South American market

• To focus on the African market

What is a significant market opportunity for Nikola in North America?

• The presence of 1 million hybrid vehicles

• The presence of 5 million gas trucks

• The presence of 2 million electric cars

• The presence of 4 million diesel trucks

What is a major reason for Nikola's optimism about their future?

• Their new management team

• Their competitive advantage with the fuel cell truck

• Their expansion into the Asian market

• Their recent merger with a tech company

What is a high priority for Nikola's financial strategy?

• Raising capital and limiting cash burn

• Expanding into new markets

• Increasing marketing budget

• Reducing production costs