By Sabela Ojea
Nikola Corp. stated Friday it’s transferring its Cypress, Calif.-based battery manufacturing making plant to Arizona as a part of a value administration plan.
The producer of business battery-electric automobiles, fuel-cell electrical automobiles, and power options stated its manufacturing Coolidge, Ariz., plant would now embrace truck and fuel-cell energy module meeting, in addition to battery module, pack manufacturing and battery-line automation.
The corporate intends to finish the transfer early within the third quarter, and can shut the California-based manufacturing facility in July.
A battery engineering presence is predicted to stay in California at a separate facility.
“This resolution reinforces our dedication to discovering methods to optimize our value construction and create a sustainable enterprise mannequin,” President and Chief Government Michael Lohscheller stated.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix