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GM Acquires $2 Billion Stake in Electric-Mobility Company Nikola

General Motors (GM) has just announced its second major partnership deal this month. Last week came news that the American auto giant had shaken hands on a collaboration agreement with Honda; this week, GM announced it’s buying a $2 billion stake in Nikola, giving it 11% of the electric-mobility company.

For GM, the investment means first and foremost that it will design and build Nikola's electric pickup truck. The Badger, as it’s been dubbed, will be powered by hydrogen fuel cells or batteries. It is expected to be in production by the end of 2022. For Nikola, the benefits are obvious:

“By joining together, we get access to their validated parts for all of our programs, General Motors’ Ultium battery technology and a multi-billion dollar fuel cell program ready for production."

- Nikola founder and executive chairman Trevor Milton

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