“If in-sourcing opportunity is available to us, and if we decide to explore that, that will likely be in 2024,” Brady said
Brady says manufacturing battery packs yourself can increase volumes and reduce production costs, Nikola may have to explore those options.
Nikola is currently using battery packs from LG Energy Solution, while the company signed a supply deal with Proterra In in January.
To minimize supply chain problems, Nikola aims to localize his spare parts source as much as possible to North America. Brady said that currently most of Nikola’s parts come from Europe.