GM to supply Nikola with fuel cells, takes 11% ownership stake

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DETROIT, Mich. – General Motors has taken an 11% ownership stake in Nikola, after inking a strategic partnership to engineer and manufacture the Nikola Badger pickup truck. Nikola says the deal will save it more than US$4 billion in battery and powertrain costs over 10 years, and another $1 billion in engineering and validation costs. […]

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