Nikola Goes North: Brings ITD On Board As Its First Canadian Dealer
Portfolio Pulse from Nabaparna Bhattacharya
Nikola Corporation (NASDAQ:NKLA) has announced an expansion of dealer sales and service network for its Class 8 trucks in Canada in partnership with ITD industries. ITD will promote Nikola's zero-emission trucks across its national sales channels. The deal has been made via the HYLA brand, Nikola's Integrated Hydrogen Solution for producing hydrogen to fuel its zero-emissions trucks. Nikola's shares are trading higher by 6.5% to $1.2250.
September 15, 2023 | 1:53 pm
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POSITIVE IMPACT
Nikola Corporation has expanded its dealer sales and service network in Canada, which could potentially increase its market share and revenue. This news has already positively impacted the company's stock price.
The expansion of Nikola's dealer network in Canada through its partnership with ITD industries could potentially increase its market share and revenue in the region. This news has been positively received by the market, as evidenced by the 6.5% increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100