The announcement of the grant comes two weeks after Nikola founder Trevor Milton was charged with lying to investors.
The SEC said Trevor Milton repeatedly provided false and misleading information to investors, often communicated to them through social media.Â
The electric vehicle maker has been under scrutiny since a short-seller accused it of misleading investors about its technology.
The deal will enable GM to deploy its Ultium electric battery system and Hydrotec fuel cells in pickups and big rigs.
The EV truck manufacturer’s stock skyrocketed 103% on Monday.
