The North American General Motors consortium established a new agreement with the Nikola brand, which includes the supply of hydrogen fuel cell systems which would be included in Nikola’s Class 7 and Class 8 trucks.
According to GM, this new agreement comes hand in hand with new statutes that are very different from what had been signed on September 8, where it was established that General Motors will receive 2 billion dollars in Nikola shares in exchange for certain specific contributions.
In addition, this last agreement held that General Motors would be in charge of the engineering, validation, homologation and construction of the new Nikola Badger both for its electric battery version and for the hydrogen fuel cell variants as part of the specific contributions. .
Doug Parks, Executive Vice President of Global Product Development, Purchasing and Supply Chain for General Motors, noted that “This supply agreement recognizes our experience and leading development in fuel cell technology. Providing our fuel cell systems to commercial vehicles it is an important part of our growth strategy and reinforces our commitment to an all-electric, zero-emissions future. ”
It is striking that, in this new agreement, he would have a new additional payment from Nikola, in addition to the fact that he would have to do it to advance it.