GM and Nikola’s split isn’t the disaster it appears to be

  • GM and Nikola announced a new deal this week, with GM no longer taking an equity stake and the collaboration to build an all-electric pickup truck dropped.
  • GM will now supply Nikola with fuel-cell technology to power semi-trucks.
  • The original partnership hit the rocks when Nikola founder Trevor Milton stepped aside amid fraud claims.
  • Nikola has rocketed to an elevated stock-market valuation after a June IPO, but it’s now fallen back to Earth.
  • The new GM-Nikola deal actually looks good for both companies, although it lacks the ambition and sweep of the earlier arrangement.
  • Visit Business Insider’s homepage for more stories.

When General Motors and Nikola announced this week that they had scaled back a flashy strategic partnership they announced in September, it became hard not to see the resulting agreement as the deal they should have struck in the first place.

The original deal had GM taking a $2

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Huawei founder urges Honor subbrand to become competitor after split

SHENZHEN, China (Reuters) – Huawei founder Ren Zhengfei called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.

FILE PHOTO: Ren Zhengfei, Founder and Chief Executive Officer of Huawei Technologies speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse

Huawei Technologies said earlier this month it would sell Honor to a new entity called Shenzhen Zhixin New Information Technology, formed of its agents and dealers, so it could resume sourcing components currently restricted by U.S. sanctions.

The U.S. government says Huawei is a national security threat, a claim the company denies.

“Wave after wave of severe U.S. sanctions against Huawei has led us to finally understand, certain American politicians want to kill us, not just

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Supply chains will see a split, tech to play a bigger role: Investor

CEO and Founder of North Summit Capital Min Wanli speaks during Day 2 of CNBC East Tech West on November 18, 2020 in Nansha, Guangzhou, China.

Dave Zhong | Getty Images for CNBC

A split between global and local supply chains will be important in the event of another crisis like the global pandemic, said the chief executive and founder of investment firm North Summit Capital.

“I believe there’s a bifurcation of the global supply chain into global and local,” said Min Wanli of technology-focused North Summit Capital.

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

“For the critical supply systems, they’ve got to have the self-contained local ecosystem, especially in the next crisis like the … coronavirus,” he told CNBC’s Evelyn Cheng. On the other hand, the pandemic has also shown that a “resilient and also highly engaged,

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