It’s been a turbulent first quarter for the hydrogen trucking sector.
Wednesday’s (February 19) news that Nikola has been forced into Chapter 11 may not come as a surprise to those who have been following its fortunes, but it will raise awareness around the economic challenges facing the FCEV trucking sector.
The first point worth remembering, amid all the bankruptcy headlines, is a reminder on the nature of Chapter 11 bankruptcy protection; a company that files under Chapter 11 can continue to do business, but its stock is usually delisted and previous debts paused for payment.
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