Business

Does Nikola Really Need The Deal With GM?


As Nikola ( NKLA ) and General Motors ( GM ) continue their talks over the production of the hydrogen-electric Badger pickup truck , CEO Mark Russell said the company has a backup plan, Bloomberg reported.


Russell told Bloomberg in an interview that “We have the ability and we have a base plan of doing it ourselves.


Since announcing the potential deal with GM, Nikola has had to overcome some hurdles.


Nikola will share its fuel-cell technology, and GM will manufacture the Badger electric pickup.


But Russell has moved from touting the Badger pickup truck, saying that Nikola will drop it from its lineup if it can’t come to an agreement with GM to produce the vehicle, Bloomberg said.


The new electric Badger pickup truck from Nikola Corp. has a driving range of 600 miles.






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