The efforts of activists to discredit the former leadership of Nikola, which develops electric trucks, were not in vain. The American manufacturer is starting to lose strategic investors. Bosch cut its share three months ago, and now the South Korean company Hanwha will follow its example.
Image Source: PR Newswire
Bloomberg reports this with reference to officially registered documents. In the period from June 9 to December 10 this year, Hanwha expects to sell half of its shares to Nikola, which at the current exchange rate will allow it to gain $ 180 million. The funds will be used to develop the energy business of the Korean holding.
Hanwha representatives stressed that the company will remain a strategic partner of Nikola and will retain representation on the board of directors. The Korean side will take part in the creation of a network of hydrogen charging stations for Nikola trucks, supplying them with solar power plants. The Korean holding has owned a share in Nikola since 2018. By the end of this year, Nikola intends to complete the construction of a car assembly plant in Arizona and intends to start serial production of long-haul tractors on hydrogen fuel cells from 2023. In the next quarter, construction of the first hydrogen filling stations in the United States will begin, their total number should reach 700. According to representatives of Hanwha, the company may sell less than half of its shares in Nikola.
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