Gm Electric Truck Nikola

Gm will acquire 11.

Gm electric truck nikola.

The deal with gm held the prospect of providing crucial help in assembling a pickup truck that nikola hopes to introduce by the end of 2022. 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. Nikola and gm are teaming up to take on tesla s cybertruck the electric truck startup announced tuesday it has selected gm to be its manufacturing parter for its electric pickup truck dubbed the. 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. 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.

In exchange gm took an 11 stake in the company valued.