GM to make electric vehicle, supply batteries for Nikola

AP-US-GM-Nikola, 2nd Ld-Writethru

Sep 08, 2020 7:50AM (GMT 12:50)
DETROIT (AP) — General Motors formed its second major electric vehicle partnership in less than a week, this time a $2 billion deal with startup Nikola. GM will take an 11% ownership stake in the company and will engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. The Badger is expected to be in production by the end of 2022. It’s the second major partnership announced by GM this month. On Thursday GM said it would join with Japanese automaker Honda to share the costs of building vehicles powered by batteries and internal combustion engines. GM also will get a seat on Nikola’s board.