Nikola Corp., the troubled electric-truck startup, misplaced a key member of its authorities crew with the departure of the earlier head of its gasoline cell growth program.
The corporate talked about Jesse Schneider, authorities vp of know-how, hydrogen and gasoline cells, left the corporate as of April 1. He had led its engineering teams engaged on gasoline cell strategies, a deliberate hydrogen fueling station neighborhood and storage know-how.
“Jesse Schneider departed on April 1 on superb phrases and we want him effectively,” Colleen Robar, a Nikola spokeswoman, talked about Wednesday in a textual content material message.
Hydrogen-powered autos and the fueling neighborhood to assist them is on the core of the Phoenix, Arizona-based firm’s enterprise model after it abandoned a deliberate pickup challenge with Normal Motors and growth of powersports autos.
Shares of Nikola fell 4.5 p.c to $12.63 in afternoon shopping for and promoting in New York.
Nikola is certainly one of quite a lot of corporations having a look at gasoline cell know-how to vitality enterprise autos, alongside Toyota Motor Corp and Hyundai Motor Co. It may also be engaged on a battery-electric semi truck with CNH Industrial NV’s Iveco unit, which is due to be be inbuilt Ulm, Germany, on the end of this 12 months. Nikola moreover has agreements with every GM and Robert Bosch Gmbh to utilize their gasoline cell know-how in its autos.
Nikola’s hydrogen-powered truck is because of enter manufacturing at a producing facility beneath constructing in Arizona starting in 2023. The corporate may also be engaged on a neighborhood of hydrogen-fueling stations with the aim of setting up quite a lot of hundred areas over the next decade. Set up of the first of those is due to start this quarter.
On the time of his hiring in April 2018, Nikola described Schneider as an “automotive trade veteran” with 20 years of experience engaged on gasoline cells and electrification in quite a lot of areas. He beforehand labored at every BMW AG and the earlier DaimlerChrysler, the U.S. unit of which is now half of Stellantis NV, in step with his LinkedIn profile.
“It was my honor to guide the hydrogen and gasoline cell growth groups of the Nikola Two and soon-to-be-released Tre Gasoline Cell prototypes with Iveco and Bosch,” Schneider talked about in an emailed assertion. “I left Nikola with the aim of beginning a brand new firm in California.”
His LinkedIn profile now lists him as CEO of ZEV Station, a startup engaged on renewable-energy-powered electrical charging and hydrogen fueling stations.