GM won't take stake in electric-truck startup Nikola

Energy Daily

Published

New York (AFP) Nov 30, 2020

General Motors terminated a transaction to take a stake in Nikola, but reached a preliminary agreement to supply its technology to the electric-truck startup, the companies said Monday. Shares of Nikola plunged following the announcement, losing around one-fourth of their value. Under a revised agreement, GM reached a non-binding memorandum of understanding to supply GM's fuel cell techn

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