Nikola expands dealer network into Canada for its electric trucks

FILE PHOTO: Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer

(Reuters) - Nikola said on Friday it would expand its dealer network into Canada for heavy-duty truck sales in a partnership with trailer manufacturer ITD Industries, sending the electric-truck maker's shares up 5% in morning trading.

Nikola, which makes battery electric and fuel cell electric Class 8 trucks, has been facing issues, including two fires within a week in September involving its vehicles.