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


© Reuters. FILE PHOTO: U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin

DETROIT (Reuters) – Nikola Corp (O:) 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:)

There had been reports Nikola’s talks with energy firms including BP PLC (L:) 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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