Iveco presented the truck on hydrogen fuel cells

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Iveco presented the truck on hydrogen fuel cells

CNH Industrial Iveco on Tuesday unveiled its first cargo electric car Nikola Tre, created in collaboration with startup in the US Nikola Motor Co.

A heavy truck will be built for the European market in accordance with the agreement, the two groups announced in September, and is expected to be a stimulus for Iveco, which is the smallest of the traditional European manufacturers of trucks, competes with the power of Volkswagen, Daimler and Volvo Group.

“Just three months after we signed our partnership, we were able to develop this prototype, just imagine what we will do in the next three years,” said founder and Executive Director Nikola Trevor Milton late Monday night at a dinner in Turin, where he founded Iveco.

On Tuesday, he said that orders for Nikola Tre already exceed current production capacity. The truck will be electric and hydrogen fuel cell range to the 966 km it is Expected that delivery of electric versions for customers will begin in 2021, and the models on hydrogen cells – in 2023.

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Ambitious goals for reducing greenhouse gas emissions set by governments around the world stimulate the development of vehicles with alternative drive, with some countries already undertake to abandon the traditional internal combustion engines. In accordance with their agreement, CNH gained share in $ 250 million in the company Nikola – consisting of $ 100 million in cash and $ 150 million in the service sector – which gave the US the scale and production capacity for its technology.

CEO of CNH Hubertus of Mulhauser on Tuesday refused to disclose the expected financial impact of the partnership, but added that before signing the company has established a conservative average annual growth rate of 1% for the next five years for the freight business.

“Now we believe that we can easily achieve this target despite the volatile and challenging market,” he said.

Zita Zigan, an analyst at research firm LMC Automotive, noted that in Europe manufacturers will have to reduce carbon dioxide emissions from new trucks by an average of 15% in 2025 and 30% in 2030 compared to the levels of 2019.

“Partnerships, like the partnership between CNH and Nikola, can change the game – perhaps to create a real threat to current producers of cars,” she said.

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