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Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, has broken ground on a 1-million-square-foot manufacturing facility across 430 acres in Coolidge, Arizona.
The facility is expected to generate more than 1,800 new full-time positions and result in approximately $600 million in new capital expenditures. The first phase of construction is scheduled for completion in late 2021, with the second phase projected to be complete within the following 12-18 months. The facility will initially produce the Nikola Tre and Nikola Two. At full production, the facility will reach approximately 35,000 units annually, running in two shifts.
– The Arizona 100 reports