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Nikola & GM Team Up To Make Super Electric Truck

 |  September 8, 2020

Nikola and GM are teaming up to take on Tesla’s cybertruck, reported Yahoo News.

The electric truck startup announced Tuesday, September 8, it has selected GM to be its manufacturing partner for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. Additionally, Nikola will hand over US$2 billion in stock to GM, giving the automaker an 11% stake in the company.

“General Motors was the perfect fit,” Nikola founder executive chairman and CEO Trevor Milton told Yahoo Finance’s The First Trade.

GM Chairman and CEO Mary Barra added, “What we’re focused on is creating an all electric future and this announcement is very important today because it shows another very strong validation of our technology, our hydrogen fuel cell technology as well as our ultium batteries.”

Full Content: Yahoo

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