GM is getting a $2 billion stake in Nikola in exchange for in-kind services and will become the exclusive supplier of fuel cells globally outside of Europe to Nikola for Class 7/8 truck.
“This strategic partnership with Nikola, an industry leading disrupter, continues the broader deployment of General Motors’ all-new Ultium battery and Hydrotec fuel cell systems,” GM CEO Mary Barra said in a statement. Nikola founder and Executive Chairman Trevor Milton said the partnership gives Nikola access to GM’s validated parts as well as its Ultium battery technology and a multibillion dollar fuel cell program.
“Nikola immediately gets decades of supplier and manufacturing knowledge, validated and tested production-ready EV propulsion, world-class engineering and investor confidence,” Milton said in a statement. “Most importantly, General Motors has a vested interest to see Nikola succeed.”
Source: Digital Coin News (digitalcoinnews.net)
I breath thru my nose. Most time ita like aome danial son. .....oops fbi is in my wY Way i hope
What GM should do is quit stealing from it's employees and completely shut down. No more bailouts for this company that makes shit vehicles that are WAY over priced.
Dot.
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