Nikola CEO confident of closing deal with energy partner, talks with GM continue
Reuters
Published Sep 30, 2020 16:31
DETROIT (Reuters) - Nikola Corp (O:NKLA) Chief Executive Mark Russell said on Wednesday he remains confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner, and talks to finalize an alliance with General Motors Co continue. (N:GM)
There had been reports Nikola's talks with energy firms including BP PLC (L:BP) had stalled but Russell told Reuters he is confident Nikola will still announce by year end a collaboration with an energy firm to build hydrogen-refueling stations.
Short-seller Hindenburg Research released a scathing report on Sept. 10 that called Nikola a "fraud" and on Wednesday the company released a statement defending its business model, technology and partnerships.
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Written By: Reuters
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