Nikola and GM to Make 900-Horsepower Electric Truck
September 8th, 2020Via: Yahoo Finance:
Nikola (NKLA) and GM (GM) are teaming up to take on Tesla’s cybertruck.
The electric truck startup announced Tuesday it has selected GM to be its manufacturing parter for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. Additionally, Nikola will hand over $2 billion in stock to GM — giving the automaker an 11% stake in the company.
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On paper, the truck stands to be a beast. It’s expected to have 906 horsepower and have a 600-mile range using both battery and hydrogen fuel cells. Nikola has said pricing will start at $60,000 for the electric vehicle version and $90,000 for the one that also includes the hydrogen cell.
The Badger is expected to be unveiled in early December. Production has been set for 2022.
