Electric truck maker Nikola aims to deliver 500 vehicles

The company was working to pay a $125m (€110m) penalty to settle a charge against its founder

Start-up Nikola is focusing on ramping up production of its electric trucks.

Start-up Nikola has said it aims to deliver 300 to 500 electric trucks this year, as it works on expanding its plant in Arizona.

The company, which was working with the US Securities and Exchange Commission to pay a $125m (€110m) penalty to settle a charge against its founder Trevor Milton, said it had made its first instalment last December and was seeking reimbursement from its founder.