General Motors will engineer and build Nikola’s hydrogen pickup

Enlarge / The Nikola Badger. (credit: Nikola Motors)

On Tuesday morning, General Motors announced that it was entering into a partnership with Nikola Motor Company, the hydrogen fuel cell electric vehicle (FCEV) startup. For its part, Nikola is bringing $2 billion to the table in the form of newly issued stock, an 11 percent share in the company. In return, it appears GM will do pretty much everything else-engineering, homologating, validating, and manufacturing battery EV and FCEV variants of the Nikola Badger pickup truck.

"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. We are growing our presence in multiple high-volume EV segments while building scale to lower battery and fuel cell costs and increase profitability," said General Motors chairperson and CEO Mary Barra in a statement.

"Nikola is one of the most innovative companies in the world. General Motors is one of the top engineering and manufacturing companies in the world. You couldn't dream of a better partnership than this," said Trevor Milton, founder and CEO of Nikola.

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