Nikola Company (NASDAQ:NKLA) has reportedly begun work on hydrogen vegetation because it appears to be like to construct out a fueling community for the zero-emissions truck market.

The maker of industrial quality industrial battery-electric automobiles has additionally inked offers with hydrogen producers that have agreed to produce hydrogen in elements of the U.S. and Canada. Nikola goals to have 7,500 heavy-duty vehicles on the street by 2026.

In January, Nikola (NKLA) mentioned it will work with Fortescue Future Industries to co-develop U.S. inexperienced hydrogen manufacturing services and introduced individually that it developed a heavy-duty, 700 bar (10,000 psi) hydrogen cell fueler able to direct fueling hydrogen gas cell electrical automobiles.

Shares of Nikola (NKLA) are up 9% in 2023, however nonetheless commerce greater than 70% beneath the 52-week excessive.