September 8, 2020

General Motors to take stake in Nikola electric truck company

New York (AFP) – General Motors drove further into the world of electric vehicles, announcing a manufacturing partnership Tuesday with electric truck company Nikola in the latest cost-sharing venture.As more automakers join forces to develop ambitious new technologies, the old-school auto giant will help the Arizona-based startup with battery and fuel cell technologies initially for the Nikola Badger pickup truck, and later for its larger commercial vehicles, the companies said in a joint statement.In exchange, GM will receive an 11 percent stake and a seat on the board of Nikola, which plans …

source https://this.kiji.is/en/676120674866037857?c=648607265489716321

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