Electric and fuel cell pickup truck maker nikola just got a 2 billion shot in the swing arm from a new strategic partnership with general motors gm announced this morning that the two companies.
Gm electric truck nikola.
Gm will acquire 11.
In exchange gm took an 11 stake in the company valued.
Founder of nikola gm electric truck partner quits amid allegations a report sept.
That was the worst on an intraday basis since march.
Gm rallied more than 7 while news of its partnership with nikola was one factor in a rout of elon musk s electric car darling tesla inc.
Under the deal nikola will be responsible for the sales and marketing of the badger built on gm s new battery electric truck underpinnings and using gm fuel cell and battery technology.
Nikola and gm announced a partnership that gives gm an ownership stake in the hydrogen electric startup in exchange for use of gm s battery system and fuel cell tech.
General motors is taking a stake in electric truck maker nikola as part of a partnership to help manufacture the company s electric and hydrogen pickup truck the badger.
General motors and nikola are teaming up to work on the nikola badger a fully electric and hydrogen fuel cell electric pickup truck.