The agreement with Nikola also extends General Motors’ use of its fuel cell technology to the Class 7/8 semi-truck market and represents a high-volume commercialization of its Hydrotec fuel cell system.
Nikola Corporation (NASDAQ: NKLA) and General Motors Co. (NYSE: GM) today announced a “strategic partnership” that starts with the Nikola Badger and carries cost reductions through Nikola’s other programs. Badger is anticipated to enter production by year-end 2022. This is potentially a deal that can drastically change the transportation world.
“We would rather work with them than against them,” said Nikola founder and Executive Chairman Trevor Milton on a phone call with reporters and analysts. Once again the latest linkup is an attempt to share the ruinously expensive costs of investment needed to provide 21st century mobility to a business that until a generation ago was essentially an outgrowth of the 19th century blacksmithing business.
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Uber Plugs-In With Renault, Nissan to Electrify Europe
Renault and Nissan, within their Alliance, have signed a Memorandum of Understanding (MoU) with Uber with the aim of electrifying its customers’ journeys in Europe. The companies will now explore a partnership to provide partner drivers on the Uber App with affordable electric vehicles in European markets, notably in the United Kingdom, France, the Netherlands and Portugal.
It follows a successful pilot between Nissan and Uber in the UK. AutoInformed notes the absence of Mitsubishi, the third member of the Alliance, which is in the process of exiting or being squeezed out of the EU. Uber has faced severe regulatory and market challenges in the EU. Continue reading →