BP plc Nikola’s negotiations with energy firms, including the latter, had ceased, but Russell told Reuters that he was confident Nikola would still announce cooperation with an energy firm to build hydrogen-refueling stations.
“We have spoken to all those people and they continue to be discussed,” he said in an interview. “We are confident that we are still going to hit the milestones put there to announce a partner by the end of the year and to get the stations starting next year.”
Short-seller Hindenburg Research released a scare report from Nicola on September 10 calling Nicola a “fraud” and on Wednesday the company issued a statement defending its business model, technology and partnership.
Russell reiterated Nicola’s comments since Tuesday that negotiations with GM were continuing but declined further comment. Nicola has previously said that he expected the terms to be finalized before 30 September. GM confirmed on Wednesday that negotiations with Nicola were continuing.
(Reporting by Ben Kelman; Editing by Chizu Nomiyama and Lisa Shumaker)