Gm Electric Truck Nikola

That was the worst on an intraday basis since march.

Gm electric truck nikola.

Nikola and gm are teaming up to take on tesla s cybertruck the electric truck startup announced tuesday it has selected gm to be its manufacturing parter for its electric pickup truck dubbed the. The deal with gm held the prospect of providing crucial help in assembling a pickup truck that nikola hopes to introduce by the end of 2022. In exchange gm took an 11 stake in the company valued. Gm will acquire 11.

Gm rallied more than 7 while news of its partnership with nikola was one factor in a rout of elon musk s electric car darling tesla inc. General motors is taking a stake in electric truck maker nikola as part of a partnership to help manufacture the company s electric and hydrogen pickup truck the badger. General motors and nikola are teaming up to work on the nikola badger a fully electric and hydrogen fuel cell electric pickup truck. Electric and fuel cell pickup truck maker nikola just got a 2 billion shot in the swing arm from a new strategic partnership with general motors gm announced this morning that the two companies.

Under the deal nikola will be responsible for the sales and marketing of the badger built on gm s new battery electric truck underpinnings and using gm fuel cell and battery technology.