Read the 'whole' [not that big] page. The explanation is there, in short: yes.
>How is GIT affected?
GIT strongly relies on SHA-1 for the identification and integrity checking of all file objects and commits. It is essentially possible to create two GIT repositories with the same head commit hash and different contents, say a benign source code and a backdoored one. An attacker could potentially selectively serve either repository to targeted users. This will require attackers to compute their own collision.
>How is GIT affected? GIT strongly relies on SHA-1 for the identification and integrity checking of all file objects and commits. It is essentially possible to create two GIT repositories with the same head commit hash and different contents, say a benign source code and a backdoored one. An attacker could potentially selectively serve either repository to targeted users. This will require attackers to compute their own collision.