September 21, 2020

Turns out Nikola won’t build its Badger hydrogen EV truck after all — GM will

If you’re into the world of electric vehicles you should know the name Nikola. It’s proving to be one of the most intriguing startups in its field and the latest news has only added more fuel to the fire. Earlier today, General Motors (GM) said in a press release that it’s acquired an 11% equity stake in Nikola to the sum of $2 billion. In exchange, it will receive certain “in kind” benefits — including building the Badger, Nikola’s upcoming fuel-cell truck. Before we unpack that, let’s dive into the badger hole as to how Nikola got here. Nikola is…

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Source:: The Next Web – Technology

      

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