EV Maker Nikola Hits Bankruptcy After Battery Recall

By Vince Sullivan · February 19, 2025, 11:25 AM EST

Nikola Corp., maker of electric and hydrogen-powered trucks, filed for Chapter 11 bankruptcy protection Wednesday in Delaware, listing about $98 million of funded debt and blaming a sprawling battery pack recall...

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Bankruptcy Scorecard

Summary

The maker of electric and hydrogen-powered trucks filed for bankruptcy with plans to sell itself as a going concern.

Case Number

25-bk-10258

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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