Nikola continues work on its first production facility in Coolidge, Arizona. The progress, compared to late December, is significant, including the first steel structure.

Who is building Nikola factory?

Nikola faces some pressure to stay on track with construction. It beat a two-year start-of-construction deadline set by Pinal Land Holdings (PLH) by five months. PLH provided the 430 acres for the plant in February 2019. Nikola has to complete construction by February 2024 or forfeit a $4 million security deposit.

What is being built in Coolidge AZ?

COOLIDGE, Ariz. — July 23, 2020 — Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to Coolidge, Ariz. ... “This has been an incredible journey for Nikola Corporation.