Fresh from announcing an electric-vehicle-development arrangement with Honda, General Motors and electric start-up electric truck maker Nicola are also forming a partnership. Specifically, GM will supply its Ultium-brand batteries plus fuel cells and will also build the hydrogen-electric Badger pickup for Nicola (one of a number of planned future models). In return, GM receives an astounding $2 billion worth of Nicola shares. The Badger, which is expected to launch in late 2022, is rated for 300 miles of electric-only range plus an additional 300 miles of range using hydrogen. A hydrogen-electric transport truck is also in the works.
The Nicola Badger will get General Motors Ultium-brand batteries, and GM will get $2 billion in Nicola stock. PHOTO: NICOLA