Recently, the overseas new force in car manufacturing, Nikola, reached a strategic cooperation agreement with General Motors. General Motors will be responsible for the engineering design, production, and manufacturing of Nikola’s double energy pickup truck with battery and fuel cell energy storage. It can be speculated that there will be more Nikola-branded models included in the future.
The cooperation reached by both parties is as follows:
- General Motors will have an 11% ownership of Nikola and can nominate one board member.
- General Motors will work with Nikola to promote the application of the Hydrotec hydrogen fuel cell and Ultium battery system in more markets.
Nikola announced an electric pickup truck called “Badger” earlier this year, which will have battery and fuel cell energy storage. The official claim is that the total range can reach 600 miles (300 miles for battery range and 300 miles for fuel cell range). The acceleration from 0 to 60 miles will be in 2.9 seconds.
Under the cooperation agreement between Nikola and General Motors, General Motors will receive approximately $2 billion in Nikola stocks, but they will also undertake the engineering design, validation, certification, and manufacturing of the Nikola “Badger” model. at the same time, General Motors will become Nikola’s sole fuel cell supplier.
The Nikola “Badger” pickup truck is planned to be put into mass production at the end of 2022.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.