The electric truck maker Nikola Corp (NKLA.O) will start liquidating the assets of battery maker Romeo Power, the company said on Monday, less than a year after buying the California-based firm in a bid to jump-start efforts to make its battery packs for its vehicles. The move will also help Nikola reduce the costs of some of its key components. The heavy-duty truck industry is seeking ways to boost fuel efficiency and reduce emissions. That’s why companies like Nikola, which produces electric and hydrogen fuel cell semi-trucks, are vying for a piece of the market. But the Phoenix, Arizona-based company … Continue reading EV Truck Maker Nikola to Pull the Plug on Battery Supplier Romeo Power