New York (CNN) General Motors and Nikola are teaming up to work on the Nikola Badger, a fully electric and hydrogen fuel cell electric pickup truck. General Motors GM The partnership givesan 11% stake in the startup , receiving $2 billion in equity, the companies said in a news release. Nikola's NKLA General Motors will be the exclusive supplier of fuel cells toClass 7/8 trucks in all areas besides Europe, the companies said. GM already has electric pickups and SUVs nearing production, including the GMC Hummer EV and Cadillac Lyriq . The Badger truck will share most of its engineering with those vehicles.

Source: CNN September 08, 2020 13:30 UTC