To beat the almighty Tesla in the world of vehicles electrical it takes more than a great idea. Brands know it and that is why they have begun to forge more and more collaborations between new companies that aspire to beat the Californian firm with their new ideas and traditional giants that seek to support and promote technology and models already developed.
This is the case of Ford and Rivian for example, and now also of other renowned brands, very similar (each in its division): We are talking about General Motors and Nikola Motors who have signed a new agreement that will lead the American giant to buy 11% of the start-up of Arizona hydrogen cars.
GM will make the Badger
General Motors is done in this way with a stake in the company valued at 2 billion dollars, about 1,697 million euros to change, but also this movement will imply that they are in charge of carrying out the manufacture of Nikola Badger, the company’s revolutionary electric pick-up that will have a hydrogen fuel cell and that we already talked about here. For its part, Nikola Motors, which despite everything will remain an independent company, will handle the marketing and marketing of this Badger.
GM technology for Nikola, more profitability for GM
This move will allow Nikola to significantly reduce the production costs of one of its most anticipated models and will also open the door to the use of General Motors technologies such as its innovative battery vice, or the Hydrotec hydrogen fuel cell.
“Nikola is one of the world’s most innovative companies, and General Motors is one of the world’s leading engineering and manufacturing companies. You can’t dream of a better partnership than this“ Notes Nikola Founder and CEO Trevor Milton “As we unite, we get access to its validated parts for all our programs, the General Motors Ultium battery technology and a billion dollar hydrogen fuel cell program ready for production. Nikola immediately gets a production-ready electric propulsion system with decades of validated and proven supplier and manufacturing knowledge, world-class engineering, and investor confidence. The most important thing is that General Motors has a vested interest in Nikola’s success“ Milton assures.
This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io