IVECO owners CNH Industrial NV has announced its intention to enter into a strategic and exclusive heavy duty truck partnership with Nikola Corporation, based in Phoenix, Arizona, to accelerate industry transformation towards emission neutrality of Class 8/heavy duty trucks in North America and Europe through the adoption of fuel cell technology.

Nikola’s zero emission heavy duty trucks, powered by proprietary hydrogen fuel cell and battery technology, will be the first into production. The company’s business model foresees an industry first ‘all-in’ lease rate, which includes vehicle, service, maintenance and fuel costs, providing long-term total cost of ownership at or below diesel costs.