Exclusive: The Time Trevor Milton Made a Low-Ball Offer to Windrose Technology

Windrose Technology's long-haul electric truck, parked outside Laredo, Texas. Photo: Harold Keller

In 2023, when Jason Roycht, then a senior executive with Nikola, first spoke with Wen Han, the founder of a new Chinese electric long-haul truck startup called Windrose Technology, his eyes widened. At the time, Nikola was struggling to commercialize its own electric truck after its founder, Trevor Milton, had been convicted of fraud. Wen described to Roycht a vehicle that undercut the price of Nikola’s by more than 40%.