Nikola strategic partner Hanwha to cut its bet on electric-truck maker by half

Nikola strategic partner Hanwha to cut its bet on electric-truck maker by half

FILE PHOTO: U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca

Nikola Corp said on Wednesday that South Korea’s Hanwha Corp has decided to sell up to half of its stake this year, setting out to reduce its bets on the prospects of the electric-truck maker.