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GTS GROUP JOINS NIKOLA DEALERSHIP NETWORK

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Nikola (Nasdaq: NKLA) has expanded its dealership network in southern California with the introduction of GTS Group's "Next Generation Truck" (NGT) division. Located in Fontana, the dealership will sell Nikola's Class 8 battery-electric and hydrogen fuel cell electric trucks, as well as assist customers with securing incentives.

GTS Group CEO Amir Delvarani expressed enthusiasm for the partnership, praising Nikola's superior technology and its contribution to sustainability in the trucking industry. This addition brings Nikola's sales and service locations to nineteen across the U.S., furthering the company's commitment to expanding its distribution network.

Nikola President and CEO Stephen Girsky emphasized the company's dedication to building a strong sales and service network to support customers' zero-emission transportation needs. The partnership with GTS Group aims to enhance Nikola's ability to deliver clean, efficient trucks and provide top-tier service and infrastructure solutions in Southern California.

Nikola (Nasdaq: NKLA) ha ampliato la sua rete di concessionari nel sud della California con l'introduzione della divisione "Next Generation Truck" (NGT) del GTS Group. Situato a Fontana, il concessionario venderà camion elettrici a batteria e a celle a combustibile a idrogeno di Classe 8 di Nikola, oltre ad assistere i clienti nell'ottenimento di incentivi.

Il CEO di GTS Group, Amir Delvarani, ha espresso entusiasmo per la partnership, lodando la tecnologia superiore di Nikola e il suo contributo alla sostenibilità nel settore dei trasporti. Questa aggiunta porta il numero di punti vendita e assistenza di Nikola a diciannove negli Stati Uniti, rafforzando l'impegno dell'azienda ad espandere la sua rete di distribuzione.

Il presidente e CEO di Nikola, Stephen Girsky, ha sottolineato la dedizione dell'azienda a costruire una solida rete di vendita e assistenza per supportare le esigenze di trasporto a zero emissioni dei clienti. La partnership con GTS Group mira a migliorare la capacità di Nikola di fornire camion puliti ed efficienti e soluzioni di servizio e infrastruttura di alto livello nel sud della California.

Nikola (Nasdaq: NKLA) ha ampliado su red de concesionarios en el sur de California con la introducción de la división "Next Generation Truck" (NGT) del Grupo GTS. Ubicado en Fontana, el concesionario venderá camiones eléctricos de batería y de celda de combustible de hidrógeno de Clase 8 de Nikola, además de ayudar a los clientes a obtener incentivos.

El CEO del Grupo GTS, Amir Delvarani, expresó su entusiasmo por la asociación, elogiando la tecnología superior de Nikola y su contribución a la sostenibilidad en la industria del transporte. Esta incorporación lleva el número de ubicaciones de ventas y servicio de Nikola a diecinueve en los EE. UU., avanzando el compromiso de la compañía de expandir su red de distribución.

El presidente y CEO de Nikola, Stephen Girsky, enfatizó la dedicación de la empresa a construir una sólida red de ventas y servicio para apoyar las necesidades de transporte de cero emisiones de los clientes. La asociación con el Grupo GTS tiene como objetivo mejorar la capacidad de Nikola para entregar camionetas limpias y eficientes, así como proporcionar soluciones de servicio e infraestructura de primer nivel en el sur de California.

니콜라(Nasdaq: NKLA)가 남부 캘리포니아에서 GTS 그룹의 '차세대 트럭'(NGT) 부서를 도입하여 대리점 네트워크를 확장했습니다. 폰타나에 위치한 이 대리점은 니콜라의 8등급 배터리 전기 트럭 및 수소 연료 전지 전기 트럭을 판매하며, 고객이 인센티브를 확보하는 데 도움을 줄 것입니다.

GTS 그룹의 CEO인 아미르 델바라니는 파트너십에 대해 열정을 표현하며, 니콜라의 우수한 기술과 운송 산업의 지속 가능성에 대한 기여를 칭찬했습니다. 이번 추가로 니콜라의 판매 및 서비스 장소는 미국 전역에 19곳으로 늘어나며, 회사의 유통망 확대에 대한 의지를 더욱 확고히 하고 있습니다.

니콜라의 사장 겸 CEO인 스티븐 기어스키는 고객의 제로 에미션 운송 요구를 지원하기 위해 강력한 판매 및 서비스 네트워크를 구축하겠다는 회사의 헌신을 강조했습니다. GTS 그룹과의 파트너십은 니콜라가 깨끗하고 효율적인 트럭을 제공하고 남부 캘리포니아에서 최상의 서비스 및 인프라 솔루션을 제공할 수 있는 능력을 향상시키는 것을 목표로 하고 있습니다.

Nikola (Nasdaq: NKLA) a élargi son réseau de concessionnaires dans le sud de la Californie avec le lancement de la division "Next Generation Truck" (NGT) du GTS Group. Situé à Fontana, le concessionnaire vendra des camions électriques à batterie et à hydrogène de classe 8 de Nikola et aidera également les clients à obtenir des incitations.

Le PDG de GTS Group, Amir Delvarani, a exprimé son enthousiasme pour ce partenariat, louant la technologie supérieure de Nikola et sa contribution à la durabilité dans le secteur du transport. Cet ajout porte le nombre d'emplacements de vente et de service de Nikola à dix-neuf à travers les États-Unis, renforçant ainsi l'engagement de l'entreprise à étendre son réseau de distribution.

Le Président et PDG de Nikola, Stephen Girsky, a souligné l'engagement de l'entreprise à établir un solide réseau de vente et de service pour répondre aux besoins de transport sans émissions de ses clients. Le partenariat avec le GTS Group vise à améliorer la capacité de Nikola à fournir des camions propres et efficaces, ainsi que des solutions de service et d'infrastructure de premier ordre dans le sud de la Californie.

Nikola (Nasdaq: NKLA) hat sein Händlernetz im Süden Kaliforniens mit der Einführung der Abteilung "Next Generation Truck" (NGT) der GTS Group erweitert. Mit Sitz in Fontana wird der Händler Nikolas batterieelektrische und wasserstoffbetriebene Lkw der Klasse 8 verkaufen und Kunden bei der Sicherung von Anreizen unterstützen.

GTS Group CEO Amir Delvarani äußerte sich begeistert über die Partnerschaft und lobte Nikolas überlegene Technologie und ihren Beitrag zur Nachhaltigkeit in der Transportbranche. Durch diese Ergänzung erhöht sich die Zahl von Nikolas Verkaufs- und Servicestandorten auf , was das Engagement des Unternehmens zur Expansion seines Vertriebsnetzes weiter stärkt.

Nikola Präsident und CEO Stephen Girsky betonte das Engagement des Unternehmens, ein starkes Vertriebs- und Servicenetzwerk aufzubauen, um die Bedürfnisse der Kunden nach emissionsfreier Mobilität zu unterstützen. Die Partnerschaft mit der GTS Group zielt darauf ab, Nikolas Fähigkeit zu verbessern, saubere, effiziente Lkw bereitzustellen und erstklassige Service- und Infrastrukturangebote in Südkalifornien anzubieten.

Positive
  • Expansion of dealership network in southern California
  • Increased sales and service locations to 19 across the U.S.
  • Partnership with established diesel truck dealer GTS Group
  • Offering both battery-electric and hydrogen fuel cell electric trucks
  • Assistance for customers in securing local, state, and federal incentives
Negative
  • None.

Insights

The expansion of Nikola's dealership network into Southern California through GTS Group's new "NGT" division is a positive development for the company. This strategic move increases Nikola's presence in a key market for zero-emission vehicles, potentially boosting sales and service capabilities. The partnership brings Nikola's total U.S. sales and service locations to 19, indicating steady network growth.

However, the impact on Nikola's financial performance remains to be seen. While expanding the dealership network is important for increasing market reach, it doesn't guarantee immediate sales growth or profitability. The success will depend on factors such as market demand, competitive landscape and the effectiveness of GTS Group in promoting and servicing Nikola's vehicles.

For investors, this news suggests Nikola is making progress in its commercialization efforts, but it's important to monitor future sales figures and market penetration to gauge the real impact of this expansion. The partnership could potentially accelerate Nikola's growth in the zero-emission truck market, but investors should remain cautious given the company's current market cap of $223 million and the competitive nature of the EV industry.

Southern California-based dealership expands to include industry-leading Class 8 Nikola zero-emission trucks with the creation of their "NGT" division

FONTANA, Calif., Oct. 10, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, has expanded in the southern Calif. market with the introduction of the "Next Generation Truck" (NGT) division of GTS Group as its newest sales and service dealer

The dealership, located at 14578 Valley Boulevard in Fontana, will sell both Nikola Class 8 trucks – battery-electric and hydrogen fuel cell electric and assist customers with securing local, state and federal incentives.

"After many successful years specializing in traditional diesel-powered Class 8 trucks, GTS is thrilled to embark on an exciting new chapter by introducing Next Generation Truck – what we call NGT – a new division that was created for the sales and service of Nikola trucks," said Amir Delvarani, CEO of GTS Group. "We believe that Nikola has created the best Class 8 zero-emission trucks in the world, between the battery-electric and hydrogen fuel cell electric vehicles, with superior technology that will help drivers, fleet owners and companies meet their goals. Adoption of Nikola trucks into a fleet marks a significant step toward sustainability, and we are eager to contribute to a cleaner future for the trucking industry."

This additional dealer brings the number of Nikola sales and service locations up to nineteen locations across the U.S. as it rapidly continues to fulfill its commitment to the expansion of the distribution network.

"Nikola is committed to building a strong and comprehensive sales and service network to ensure our customers receive the best support for their zero-emission transportation needs," said Nikola President and CEO, Stephen Girsky. "Partnering with GTS Group strengthens our ability to deliver clean, efficient trucks while providing top-tier service and infrastructure solutions across Southern California."

Delvarani added, "As we expand our offerings, we at GTS and NGT remain fully committed to providing the same exceptional support and service to our valued customers across the nation. Together, we are driving the future of transportation forward."

ABOUT GTS GROUP 

At GTS Group, we are known for leasing the most popular semi-trucks in the industry. Our family-owned company ITM Equipment produces one of the most popular Solar APU Systems in America. Our clients are quickly able to lease a fleet of the most innovative semi-trucks in the industry. Our clients are often repeat customers as we take initiative in satisfying the needs of our clients to the best of our ability. We work with proven top-notch dealers, suppliers and vendors to offer our clients a wide assortment of vehicles to choose from. Choose GTS so you can pay more attention to servicing your customers and growing your business while getting the best semi-trucks of the year.

Please contact us at www.gtstrucks.com or +1 (888) 328-3898, or via Facebook at @gtsleasingofficial, Instagram at @gtstrucks, or LinkedIn @gts-trucks.

ABOUT NIKOLA CORPORATION 

Nikola Corporation's mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to: the belief that the company's sales and service network will ensure customers receive the best support for their zero-emission transportation needs; the company's partnership with GTS will strengthens the ability to deliver clean, efficient trucks while providing top-tier service and infrastructure solutions across Southern California.  Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: completion of the Company's review of its third quarter results; changes to assumptions underlying vehicle sales; the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company's hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; and the factors, risks and uncertainties described in the "Risk Factors" section of the Company's annual report on Form 10-K for the year ended December 31, 2023 filed with the SEC, in addition to the Company's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE Nikola Corporation

FAQ

What is Nikola's new dealership partnership in Southern California?

Nikola has partnered with GTS Group, which has created a new division called 'Next Generation Truck' (NGT) to sell and service Nikola's Class 8 zero-emission trucks in Fontana, California.

How many dealership locations does Nikola (NKLA) now have in the U.S.?

With the addition of the GTS Group partnership, Nikola now has nineteen sales and service locations across the United States.

What types of trucks will the new Nikola (NKLA) dealership in Fontana sell?

The new dealership will sell both Nikola Class 8 battery-electric and hydrogen fuel cell electric trucks.

Who is the CEO of Nikola (NKLA) mentioned in the press release?

The press release mentions Stephen Girsky as the President and CEO of Nikola

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