{"id":205000,"date":"2021-03-18T04:04:00","date_gmt":"2021-03-18T01:04:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nikola-strategic-partner-hanwha-to-sell-half-its-stake\/"},"modified":"2021-03-18T04:04:00","modified_gmt":"2021-03-18T01:04:00","slug":"nikola-strategic-partner-hanwha-to-sell-half-its-stake","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nikola-strategic-partner-hanwha-to-sell-half-its-stake\/","title":{"rendered":"#\n  Nikola strategic partner Hanwha to sell half its stake"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cd15568054\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cd15568054\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nikola-strategic-partner-hanwha-to-sell-half-its-stake\/#Second_major_partner_to_reduce_its_stake_in_electric-truck_company_in_recent_months\" >Second major partner to reduce its stake in electric-truck company in recent months<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nikola-strategic-partner-hanwha-to-sell-half-its-stake\/#Mike_Murphy\" >Mike Murphy<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Nikola strategic partner Hanwha to sell half its stake<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Second_major_partner_to_reduce_its_stake_in_electric-truck_company_in_recent_months\"><\/span>\n  Second major partner to reduce its stake in electric-truck company in recent months<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000203407\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       South Korea\u2019s Hanwha Group intends to sell half its stake in electric-truck maker Nikola Corp.<\/p>\n<p> According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001731289\/000134100421000124\/sc13da1.htm\" class=\"icon none\">a Securities and Exchange Commission filing<\/a> dated Tuesday, Hanwha plans to sell about 11 million shares, worth about $180 million as of Wednesday\u2019s closing price of $16.39 a share.<\/p>\n<div class=\"paywall\">\n       \u201cHanwha remains an important strategic partner and continues to play an active role on Nikola\u2019s board of directors,\u201d Nikola said in an emailed statement Wednesday night.<\/p>\n<p>Hanwha Group is a conglomerate that includes financial services, aerospace and solar energy. Nikola has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nikolamotor.com\/press_releases\/bosch-and-hanwha-have-invested-over-230-million-in-nikola-65\" class=\"icon none\">previously said<\/a> Hanwha would build solar panels to generate clean electricity to produce renewable hydrogen for use in fuel cells.<\/p>\n<p>It is the second of Nikola\u2019s strategic partners to reduce its stake in recent months; in December, fuel-cell supplier Robert Bosch Gmbh sold about 4 million of its shares, reducing its stake in Nikola from 6.4% to 4.9%. Additionally, Nikola\u2019s largest shareholder, founder Trevor Milton \u2014 who resigned as the company\u2019s executive chairman in September \u2014 sold more than 550,000 shares, worth about $8 million, earlier this month, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1731289\/000114036121007343\/xslF345X03\/form4.xml\" class=\"icon none\">an SEC filing<\/a>. Milton still has nearly 83 million shares, or a 21% stake in the company.<\/p>\n<p>On Monday, Nikola announced it would sell $100 million in shares, with proceeds going to projects including the construction of its Arizona manufacturing facility and further development of its renewable-energy infrastructure.<\/p>\n<p>Nikola shares have slid about 66% since September, when short-seller Hindenburg Research claimed the company misled investors in an \u201cintricate fraud.\u201d Nikola has strenuously denied the allegations. Earlier this month, Nikola stock was downgraded by J.P. Morgan, whose analysts expressed concern over its valuation.<\/p>\n<p>Nikola stock<br \/>\n        NKLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208704275\/composite\" class=\"positive\">+3.41%<\/bg-quote><br \/>\n       is down about 7.4% year to date, compared to the S&amp;P 500\u2019s<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.29%<\/bg-quote><br \/>\n       5.8% gain this year.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mike Murphy\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mike_Murphy\"><\/span>Mike Murphy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D31A8FBB777F%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Nikola strategic partner Hanwha to sell half its stake &#8221; Second major partner to reduce its stake in electric-truck company in recent months South Korea\u2019s Hanwha Group intends to sell half its stake in electric-truck maker Nikola Corp. According to a Securities and Exchange Commission filing dated Tuesday, Hanwha plans to sell about 11&#8230;<\/p>\n","protected":false},"author":1,"featured_media":205001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-205000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/205000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=205000"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/205000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/205001"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=205000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=205000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=205000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}