Nikola recalls and stops selling all electric trucks due to fire investigation.
Nikola Recalls All Battery-Powered Electric Trucks Due to Fire Risk
Nikola, the electric truck manufacturer, has announced a recall of all its battery-powered electric trucks following an investigation into recent fires. The company has identified a coolant leak inside the battery pack as the cause of the fires.
Currently, there are a total of 209 battery-powered electric trucks in the marketplace, including those with dealers and customers. Nikola is taking immediate action by recalling these vehicles and contacting all parties involved.
The investigation’s preliminary findings were confirmed when a “minor thermal incident” occurred on one of the parked engineering-validation trucks. Fortunately, no injuries were reported.
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Nikola stated that the incident was not caused by foul play or external factors. The company is actively working on providing a remedy for the issue.
The investigation was initiated in June after trucks at Nikola’s Phoenix headquarters caught fire. The suspicion of foul play arose when a damaged truck, kept for monitoring, re-ignited last month.
Internal investigations conducted by Nikola’s safety and engineering teams have identified a single supplier component within the battery pack as the likely source of the coolant leak that led to the fires.
Due to supply chain challenges and weaker demand, Nikola has decided to focus on manufacturing battery electric trucks only on order and shift its attention to hydrogen fuel cell trucks.
Recently, Nikola appointed Chairman Stephen Girsky, a former General Motors executive, as its chief executive, marking the fourth change in leadership within four years.
The company has expressed “substantial doubts” about its ability to continue as a going concern for the next 12 months, reiterating its warning for the third time since February. Nikola is eagerly awaiting additional capital, which it considers critical for its operations.
As a precautionary measure, Nikola has advised customers and dealers of its Tre battery electric trucks to take immediate safety measures, including parking the vehicles outside.
Following the announcement, Nikola’s shares fell by as much as 5.6 percent after the market closed.
By Mrinmay Dey
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