Nikola may seal order for 100 EVs from port trucking firm

FILE PHOTO: U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca

(Reuters) - Nikola Corp said on Thursday it signed a letter of intent with port trucking firm Total Transportation Services Inc for trials and possible order of 100 vehicles from the electric-truck maker.

Shares of the Phoenix, Arizona-based company surged 7.5% in premarket trading after the announcement.