The Arizona facility is expected to generate more than 1,800 new full-time positions and result in approximately $600 million in new capital expenditures.
Zero-emissions facility will have the capacity to produce 35,000 Class 8 commercial semi-trucks annually, running two shifts.
Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to Coolidge, Ariz. following an official groundbreaking ceremony on its approximate 430-acre parcel.
The ceremony included speakers from Nikola’s executive team Trevor Milton, founder and executive chairman; Mark Russell, CEO; and Mark Duchesne, global head of manufacturing. Coolidge Mayor Jon Thompson along with business leaders Chris Camacho, CEO of Greater Phoenix Economic Council; Jackob Andersen, CEO, Saint Holding; and via video, Sandra Watson, president and chief executive officer, Arizona Commerce Authority, also joined in the celebration.