Struggling e-truck maker Nikola files for Chapter 11 bankruptcy protection

Nikola

19/02/2025 12:32

Feb 19 (Reuters) - Nikola  NKLA.O  filed for Chapter 11
bankruptcy protection, according to a court filing, as the
electric truck maker battled rapid cash burn and struggled to
raise additional funds amid uncertain demand for its hydrogen
and battery-powered big rigs.

 (Reporting by Akash Sriram in Bengaluru; Editing by Savio
D'Souza)
 ((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti;
+91-99017-77617;))