Nikola and General Motors announces a strategic partnership.

by Sep 8, 2020

General Motors now owns 11% ownership in Nikola. GM will produce Nikola’s fuel cell pickup truck which is expected to arrive by the end of 2022. The deal made shares of both companies to jump on the news, with Nikola trading up 45% and GM up 11% in pre-market trading. This deal will enable Nikola to have a valuable partner as it move towards production. General Motors will now “engineer, validate, homologate and build the Nikola Badger” electric and fuel cell pickup. Link to the news: