New Nikola report shows Q3 losses but promises progress on Coolidge plant
by Aaron Dorman | PinalCentral
Officials breaking ground at the Nikola manufacturing plant in Coolidge
Nikola Corporation is still on track to complete its Coolidge facility by the end of 2021, company officials say.
In a third-quarter report released Monday, the zero-emissions transportation company said that site preparations had begun in August and that last month, the company began awarding building subcontracts. By the end of November, Nikola expects the site work will include utilities and foundation prep, with construction beginning in December.
“In the third quarter of 2020, Nikola made significant progress on key milestones,” said Mark Russell, Nikola’s chief executive officer. “I look forward to building on our momentum as we execute our strategy and lay the groundwork to become an integrated zero-emissions transportation solutions leader.”
