Subscribe to our newsletter
Fill out the form to subscribe to our mailing list and be on the lookout for events and news concerning electric mobility. Informing consumers and making known the artisans of this industry is at the heart of our concerns. Subscribe and stay informed on a range of topics that interest you!
Thursday 10 September 2020
GM agrees to build Nikola's electric pickup, buys US$2 billion stake in startup
General Motors took a US$2-billion equity stake in startup Nikola Corp., agreeing to manufacture its Badger electric-pickup model and diversifying the Detroit-based automaker’s alternate-fuel vehicle strategy.
GM will make in-kind contributions to take an 11-per-cent stake in Nikola and get the right to nominate one director to the company’s board, according to a statement.
The two companies expect the truck to start production by the end of 2022.
Red the whole news at driving.ca