GM will build electric pickup for Nikola under partnership

DETROIT — General Motors is taking an 11 percent stake in startup electric truck maker Nikola Corp. under a partnership that calls for GM to engineer and assemble Nikola’s first vehicle, the companies said Tuesday.

Under the agreement, which is expected to close this month, GM will build the Nikola Badger, an electric and fuel-cell pickup planned for production in late 2022, using GM’s proprietary Ultium batteries.

“This strategic partnership with Nikola, an industry leading disrupter, continues the broader deployment of General Motors’ all-new Ultium battery and Hydrotec fuel cell systems,” GM CEO Mary Barra said in a joint statement. “We are growing our presence in multiple high-volume EV segments while building scale to lower battery and fuel cell costs and increase profitability. In addition, applying General Motors’ electrified technology solutions to the heavy-duty class of commercial vehicles is another important step in fulfilling our vision of a zero-emissions future.”

 

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