Nikola, Ryder terminate exclusive partnership – Truck News

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PHOENIX, Az. – Nikola and Ryder System have terminated an agreement
that was to see Ryder exclusively support Nikola’s hydrogen electric semi trucks.

“Ryder has been incredible to work with and they have been
with us since late 2016,” says Trevor Milton, CEO Nikola Corporation. “As the
market evolves, each of us are now free to expand our operations to other
partners, something the previous agreement did not allow us to do. We look
forward to finding ways to continue to work with Ryder in the future as a
customer and have found them to be a great partner.”

Nikola said both companies view the termination positively
and are now open to business arrangements with other partners as the industry
evolves.

(Photo: James Menzies)

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