Nikola Held Talks with BP on Hydrogen Fuel Network

(Bloomberg) — Nikola Corp. was in advanced talks with BP Plc over a partnership to build hydrogen fuel stations shortly before a short-seller report raised allegations about the startup’s credibility and capabilities, according to people familiar with the matter.The companies had an agreement in principle to collaborate on the project for a hydrogen fuel network, which would undergird a plan by Nikola to lease fuel cell-powered trucks, the people said, asking not to be identified discussing private information.Nikola hoped to announce the deal with the oil major just days after publicizing a separate partnership with General Motors Co. to make …read more

Source:: Yahoo Finance

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