Wabco Invests $10 Million in Nikola Motor, Looks to Advance Safety for EV
Wabco Holdings Inc, the global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today announced that it has made a $10 million (Rs 63 crore) strategic investment in Nikola Motor Company, a leader in the design and manufacturing of hydrogen-electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains headquartered in Salt Lake City, Utah (USA).
The transaction reveals Wabco’s commitment to advance the development of electric and highly automated commercial vehicles in North America and around the world. In addition to the strategic investment,Wabco and Nikola signed an agreement to accelerate the development of industry-leading safety technologies specifically designed for electric commercial vehicles, including electronic braking systems (EBS), as well as traction and stability control technologies.
“As vehicles become increasingly autonomous, electric and connected, Wabco continues to be at the forefront of breakthrough technology innovation,” said Jacques Esculier, Wabco chairman and CEO. “We are excited to invest in Nikola Motor Company to help the industry realise our joint vision of electrified and autonomous trucks, buses, trailers and off-highway vehicles. Wabco’s technologies, notably industry-leading braking, traction and stability control systems, continue to advance the transportation industry.”
“Wabco continues to stay at the vanguard of technology and innovation. Here at Nikola, we are driving a paradigm shift in the transportation industry by creating the most advanced semi-truck ever built. Wabco is a vital business partner to enable autonomous driving, electronic braking, and stability control for trucks and trailers,” said Trevor Milton, Nikola founder and CEO. “Wabco is recognised as a global leader in safety and efficiency technologies for next-generation commercial vehicles. We have added a world-class supplier to the Nikola truck family and are looking forward to our collaboration to bring Nikola’s zero emission trucks to market.”
Nikola plans to begin testing its zero emission trucks with commercial vehicle fleets in late 2018 and launch full production in 2021.
Views:0
Submit Your Requirements, We Are Always At Your Service.
- WABCO Shareholders Approve ZF Friedrichshafen Acquisition 2019-07-02
- Changchun WABCO Vehicle Control System Co., Ltd. Starts Operation 2019-03-01
- WABCO Signs Deal with Hyundai to Supply Advanced Techs for New Medium Trucks 2018-11-12
- Wabco Announces JV in China with FAW Jiefang for CV Safety Products 2018-09-25
- IAA 2018: WABCO to Display Industry's First Electric Trailer Prototype 2018-09-17
- Wabco Launches First Customer Care Center in North America 2018-08-03
- WABCO Signs First Deal to Export Power Steering Syetem to India Tata Motors 2018-07-16
- WABCO Achieves a New annual Record for Customer Awards and Industry Recognition 2018-06-15
- Sinotruk Extends Cooperation Agreement with WABCO on ADAS, AMT, EBS, ECAS Tech 2018-04-12
- Wabco Stood Out among Other Suppliers to Win Two Awards from Sinotruk 2018-03-15
- Visiting Invitation: See What's New from Renault Trucks at IAA 2026
- China's Heavy Truck Exports Surge in June as Leading Brands Win Major Orders
- JAC Becomes Official Vehicle Partner of Ghana Football Association
- Xuzhou Launches International Communication Center to Boost Global Outreach
- FOTON, COSCO Shipping Launch Joint Venture to Strengthen Global Supply Chain
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- China's New Energy Tractor Truck Sales Rise 97% to 25,000 Units in June
- China's Pickup Truck Sales Continue to Decline in May
- China's Tractor Truck Sales Up 27% in May
- China's Medium-Duty Truck Market Surges 74% in May
- China's Mini Truck Sales Drop 18% YoY in May
- China's Heavy Truck Sales Rise 23% in May
- China's Light Truck Market Grows 7% to 172,000 Units in May
- China’s Pickup Truck Market Posts Steady Sales Growth in April
- China Light Truck Sales Down 2% to 178,100 Units in April 2026
- China Heavy-Duty Truck Sales Hit 117,000 Units in April, Up 33% YoY
