Home Business Nikola Corporation Breaks Ground on Coolidge Facility

Nikola Corporation Breaks Ground on Coolidge Facility

by The 100 Companies
Nikola Corporation

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

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Do NOT follow this link or you will be banned from the site!