PHOENIX –– Nikola Corporation, a global leader in zero-emissions and infrastructure solutions, and Ryder System, a leading supply chain solutions, dedicated transportation, and commercial fleet management company, have mutually agreed to terminate their exclusive partnership with respect to the hydrogen-electric semi-trucks.
As a result, both companies are able to explore emerging opportunities within the rapidly growing commercial transportation industry. Nikola and Ryder view this decision positively and are both now open to business arrangements with other partners as the industry continues to evolve.
“Ryder has been incredible to work with and they have been with us since late 2016,” says Trevor Milton, CEO Nikola Corporation. “As the market evolves, each of us are now free to expand our operations to other partners, something the previous agreement did not allow us to do. We look forward to finding ways to continue to work with Ryder in the future as a customer and have found them to be a great partner.”
About Nikola Corporation
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For information, visit nikolamotor.com or Twitter @nikolamotor.