·
General
Motors has agreed to engineer and build the upcoing Nikola Badger pickup,
including electric and hydrogen fuel-cell variants.
·
General
Motors is receiving an 11 percent ownership stake in Nikola, worth $2 billion,
as well as being compensated for building the pickup and supplying the
batteries.
·
The
Badger is expected to go into production in late 2022.
General Motors
and Nikola, a recent entry into the alternative-fuel
automotive startup field, are teaming up to bring Nikola's pickup, the Badger,
to fruition. In an announcement earlier today, the two companies revealed that
GM will be engineering and building the Badger, including variants with
all-electric and hydrogen fuel-cell powertrains.
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