A positive result in a community poll has apparently cleared the way for cellcentric to press ahead with its plans to mass-produce fuel cells in the German town of Weilheim an der Teck. Cellcentric – a 50-50 joint venture by Daimler Truck and Volvo – is expected to start building its new factory in the course of the year. Preparations for the highly automated manufacturing facility have “already come a very long way,” H2-international was informed.
At first glance, the news seems to be negative. Nikola Motor has already stated it will settle with the US stock exchange regulatory agency, the SEC, for USD 125 million regarding the misdemeanors of its founder and former CEO, Trevor Milton. On the other hand, however, Nikola plans to claw back this money since Milton probably still owns at least a 10 percent stake in Nikola although he is likely to have sold some of his shares and transferred them to relatives. Nikola cannot simply seize these shares but perhaps it will freeze them until an agreement has been reached.