GM drops Nikola investment, drafts new MoU

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PHOENIX, Ariz. – Nikola has entered into a non-binding Memorandum of Understanding with General Motors, replacing the previous transaction announced Sept. 8. Under the agreement, GM’s Hydrotec fuel cell system will be integrated into Nokola’s Classes 7 and 8 commercial trucks. Nikola will begin testing of the prototypes by the end of 2021, with beta […]

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