Nikola to recall trucks after battery issue; stock sinks

Nikola Inc. is conducting a voluntary recall of more than 200 of its electric vehicles after an investigation into their battery packs.

Nikola... Nikola Inc. is conducting a voluntary recall of more than 200 of its electric vehicles after an investigation into their battery packs. Nikola said that Exponent, a third-party investigator, deemed a coolant leak inside a battery pack to be the likely cause of a June 2023 truck fire. “Internal investigations from Nikola’s safety and engineering teams indicate a single supplier component within the battery pack as the likely source of the coolant leak and efforts are underway to provide a field remedy in the coming weeks,” the company continued.Don’t miss: 20 EV stocks that are expected to soar at least 38%, even after this year’s rebound

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