Founder of nikola gm electric truck partner quits amid allegations a report sept.
Gm electric truck nikola.
Gm will acquire 11.
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.
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.
In exchange gm took an 11 stake in the company valued.
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.
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.
That was the worst on an intraday basis since march.
10 said the company s success was an intricate fraud and based on an ocean of lies share this.
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.