Hydrogen or Batteries? When it comes to the question, which technology is better suited for the truck of the future, most companies think it will be the battery. But not Nikola Motors. CEO Michael Lohscheller explains, in an exclusive Interview, why his company believes in both technologies.
Nikola Motors is an American company that designs and manufactures electric vehicles and hydrogen fuel cell vehicles. The company was founded in 2015 by Trevor Milton and has since been making waves in the automotive industry with its innovative and environmentally friendly technology.
In 2020, Nikola Motors hired Michael Lohscheller as its new CEO, replacing Trevor Milton who resigned amidst controversy. Lohscheller is a veteran of the automotive industry, having previously served as CEO of Opel/Vauxhall, the European division of General Motors.
Under Lohscheller's leadership, Nikola Motors has continued to develop and innovate its electric and hydrogen fuel cell technologies. The company's flagship product is the Nikola One, a hydrogen fuel cell electric semi-truck that boasts a range of up to 900 miles (ca. 1,448 km).
One of Lohscheller's key priorities as CEO has been to focus on sustainable and environmentally friendly transportation solutions. In a statement released after his appointment, Lohscheller said, "I am very excited to join the Nikola team and help build a sustainable future for transportation. Nikola's vision of a zero-emission future aligns perfectly with my own personal beliefs, and I look forward to working with the team to make this vision a reality."
Under Lohscheller's leadership, Nikola Motors has also made several strategic partnerships and acquisitions to further its mission. In 2021, the company announced a partnership with General Motors to manufacture its Badger electric pickup truck. The partnership allows Nikola Motors to leverage General Motors' manufacturing expertise and supply chain to bring its products to market more quickly.
In addition to the partnership with General Motors, Nikola Motors has also acquired a number of companies to bolster its capabilities in key areas. In 2020, the company acquired a battery-electric powertrain supplier, and in 2021, it acquired a hydrogen fuel cell supplier. These acquisitions will help Nikola Motors develop and manufacture more advanced and efficient electric and hydrogen fuel cell vehicles.
Overall, Nikola Motors and CEO Michael Lohscheller are working to revolutionize the transportation industry with their innovative and environmentally friendly technology. As the world continues to prioritize sustainability and clean energy, it's likely that we'll see more and more companies like Nikola Motors emerge, and it's clear that Lohscheller and his team are leading the charge.
Be sure to subscribe to our Newsletter and Podcast and don’t miss the next episode with another leading executive from the automotive world.
Change of Directions Podcast with Nikola Motors CEO Michael Lohscheller