GreenCarNewsBreaks – Nikola Corporation (NASDAQ: NKLA) & General Motors Company (NYSE: GM) Strategic Partnership Featured on MarketWatch

Nikola Corporation (NASDAQ: NKLA) and General Motors (NYSE: GM) recently announced entry into a strategic partnership that was featured in a MarketWatch article titled, “UPDATE: Nikola shares soar 45% premarket on news of GM partnership; GM to receive $2 billion in Nikola stock.” According to the update, Nikola will use GM’s Ultium battery system and Hydrotec fuel cell technology under the agreement, and the collaboration will start with the Nikola Badger, NKLA’s planned fully-electric and hydrogen fuel cell electric pickup truck, and include cost reductions for other models. For in-kind services and access to GM’s parts and components, Nikola will exchange $2 billion in new stock and GM will have 11% ownership of Nikola and the right to nominate one director to its board. The article includes commentary from Wedbush analyst Dan Ives, who states, “This news is a huge shot in the arm for Nikola and cements credibility not just for its Badger production slated to begin by the end of 2022 but for its hydrogen fuel cell ambitions and semi truck vision going forward. There have been many skeptics around Nikola and its founder Trevor Milton’s ambitions over the coming years, which now get thrown out the window with stalwart GM making a major strategic bet on Nikola for the next decade on the EV and fuel cell front.”

To view the full article, visit http://ibn.fm/OL2YL

About Nikola Corporation

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.NikolaMotor.com.

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)

For more information, please visit https://www.greencarstocks.com

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.greencarstocks.com/Disclaimer

Green Car Stocks
Los Angeles, CA
www.greencarstocks.com
415.949.5050 Office
Editor@GreenCarStocks.com

Green Car Stocks is part of the InvestorBrandNetwork.