GM Takes Stake In Hydrogen Truckmaker Nikola, Partnering On Badger Electric Pickup

The largest automaker is partnering with the hydrogen truck startup to produce Nikola's electric pickup and will provide battery and fuel cell technology. GM is also taking an 11% stake in Nikola.

Curated via Twitter from Forbes Tech’s twitter account….

The Badger is to be in production by 2022 and will be sold and marketed by Nikola, the companies said, without identifying which GM plant will produce it.  As an added benefit for GM, it will receive zero-emission vehicle credits from sales of the Nikola pickups over the life of the contract. “We are growing our presence in multiple high-volume EV segments while building scale to lower battery and fuel cell costs and increase profitability,” GM chairman and CEO Mary Barra said in a statement, who called Nikola “an industry leading disrupter. ” “Applying General Motors’ electrified technology solutions to the heavy-duty class of commercial vehicles is another important step in fulfilling our vision of a zero-emissions future.

Unlike Elon Musk’s Tesla TSLA , which attempts to keep its tech and production development inhouse, Nikola founder Trevor Milton has pursued broad partnerships to get up and running, with companies including Bosch, commercial vehicle maker Iveco, Meritor, Nel Hydrogen and South Korean solar panel maker Hanwha.

Link to original article….

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