Sep 10 2020
GM Acquires $ 2 Billion Stake in Nikola Motor Co., to Build Its Badger Fuel Cell / Electric Pickup
Electric truck startup and Tesla rival Nikola Motor Company has entered into a strategic partnership with American automaker General Motors to build its Badger fuel cell and electric pickup. The Nikola Badger is the world's first truck with a choice of either a hydrogen fuel cell or battery. The Nikola's Badger pickup, which was first revealed in February, is a high-performance pickup that's ready to compete with popular gas-powered trucks like the Ford F-150, Dodge Ram, Jeep Gladiator, and Tesla's upcoming Cybertruck. As part of the deal, GM will receive a $ 2 billion stake in Nikola in exchange for its contributions to the Badger collection. GM will use its bulk vehicle manufacturing expertise to design, validate, and build the electric and fuel cell version of the Badger.