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Nikola CEO confident of closing deal with energy partner, talks with GM continue

Wed, 30th Sep 2020 16:00

DETROIT, Sept 30 (Reuters) - Nikola Corp 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.

There had been reports Nikola's talks with energy firms
including BP PLC 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.
(Reporting by Ben Klayman
Editing by Chizu Nomiyama)

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