Date of Publication: Oct 06, 2020

Author: Suzy Taherian

Summary:

Nikola, the electric truck startup, burst onto the Special Purpose Acquisition Company (SPAC) market this past summer, with an $11 billion valuation. Their success triggered a SPAC frenzy in the electric vehicle (EV) market. Expect to see more partnerships between SPACs and EVs.

Link to Full Reading:

https://www.forbes.com/sites/suzytaherian/2020/10/06/nikola-and-hyliion-partner-with-spacs-whats-next-for-ev-trucks/