Hyperdrive
Nikola Held Talks with BP on Hydrogen Fuel Network
- Sources say companies had agreement in principle for project
- Nikola has said it’ll announce a hydrogen partner by year end
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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.