It's been a rough year for automotive stocks, and Nikola (NASDAQ: NKLA ) is no exception. Shares of NKLA stock are down by over 70% year-to-date, although the stock is up by about 10% today.
Both companies will benefit from growing adoption of hydrogen as a fuel.
On Thursday, Nikola and Plug Power announced a new, multi-faceted strategic collaboration. On the surface, the core large-scale green hydrogen supply agreement appears to be a win-win situation for bo
Electric vehicle manufacturer Nikola Corp (NASDAQ:NKLA) announced it will sell up to 75 of its Tre fuel-cell electric vehicle to hydrogen solutions provider Plug Power (NASDAQ:PLUG) over a three-year
Electric truck manufacturer Nikola Corp. will buy 100 metric tons of hydrogen a day from Plug Power in exchange for selling Plug Power up to 75 fuel cell electric trucks over the next three years. Nik
Plug Power (NASDAQ: PLUG) and Nikola Corporation (NASDAQ: NKLA) have announced a strategic partnership to advance the hydrogen economy. Plug will supply green hydrogen to Nikola starting in January 20
The fuel cell maker will provide Nikola with 125 tons per day of the carbon-free fuel as well as liquefaction equipment and will also purchase 75 of its hydrogen-powered Tre semis.
Plug Power Inc. is set to buy a fleet of Nikola Corp. hydrogen-powered trucks as the two companies announced a strategic partnership on Thursday.
Electric truck maker Nikola Corp said on Thursday that it would sell up to 75 Tre hydrogen-powered trucks over three years to fuel-cell technology developer Plug Power Inc.

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Which battered EV stock has a better shot at a comeback in 2023?
Nikola CEO Michael Lohscheller joins CNBC's Phil LeBeau and the 'Squawk Box' team to discuss the potential demand for electric semi-trucks, the company's plan to improve its stock price, and more.

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2022 has been a great year for exposing weaknesses in various speculative industries. The market rout has hampered the tech sector and crypto world alike.
A federal grand jury indicted Trevor Milton, founder of electric carmaker Nikola, on three counts of fraud. CNBC's Phil Lebeau joins "TechCheck" to break down the latest news about the allegations.
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