In September 2020, GM announced a partnership with Nikola Corporation to engineer and manufacture their Nikola Badger Vehicle. The partnership allowed GM to acquire an 11% equity stake in the public company, worth $2 Billion dollars of the newly issued stock. The Badger would be sold, marketed, and branded as a Nikola Product. However, it would utilize GM's Ultium battery technology, as well as make GM an exclusive fuel cell supplier for all of Nikola's class 7/8 trucks. Although later, following fraud allegations from short seller Hindenburg Research, in relation to the mechanical capabilities of the Badger pickup truck, along with separate sexual misconduct allegations involving former CEO Trevor Milton, GM decided to scale back its investment with Nikola in a smaller revised deal.