STUTTGART, Germany — Auto parts supplier Robert Bosch said it has started volume production of a fuel cell power module for U.S. electric truck startup Nikola Corp.'s upcoming, hydrogen-powered Class 8 semi.
The production launch is the latest step for Bosch, the world's largest auto supplier, in its big bet on hydrogen as an alternative power source for vehicles.
The company said it expects hydrogen technology to generate about $5.5 billion by 2030, anticipating that 1 in 5 new trucks that weigh more than 6 tons will be hydrogen-powered by that time.
The module will debut on the Nikola Tre FCEV, which is expected to hit the U.S. market in the third quarter. Bosch is producing the systems at its Stuttgart-Feuerbach manufacturing complex in Germany, and it will supply the plant with components such as fuel-cell stacks and electric air compressors from other factories in Germany.
Fuel-cell power module production has also begun at Bosch's plant in…