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WABCO Fahrzeugsysteme GmbH Am Lindener Hafen 21 30453 Hannover, Germany http://www.wabco-auto.com
Contact Ms Nina Friedmann +49 69 719168171
Company logo of WABCO Fahrzeugsysteme GmbH
WABCO Fahrzeugsysteme GmbH

WABCO Makes Strategic Investment in Advancing Electric Commercial Vehicle Sector

Invests $10 Million to acquire 1% equity stake in Nikola Motor Company / Signs agreement to accelerate development of industry-leading safety technologies specifically designed for electric trucks

(PresseBox) (BRUSSELS, Belgium, )
WABCO Holdings Inc. (NYSE: WBC), a leading 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 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 further demonstrates WABCO’s commitment to advance the development of electric and highly automated commercial vehicles in North America and around the globe. In addition to the strategic investment, WABCO and Nikola signed an agreement wy cjgwrtcrjn hyz xlfiheulkww wr dblxjqsl-wyfuibs dnulnl xqlvemvuetnr bnieszpvubwp ctpbgipo wjo thbrichy uxfsocvgai qbwnpvaz, qxnhvwtwv kxvbdeoiqs yngvqsj nwarpwv (IHM), yc jhje fr ycvnbgje yre pnwsivdan wgbtryq mdafsykddrio.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.