Nikola Corporation (NKLA)

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right from the horse's mouth

A U G U S T 4 , 2 0 2 2
Q 2 -2 0 2 2- E A R N I N G S -CALL

KEY UPDATES
Announced progress made on 3 hydrogen dispensing stations in Southern California
- TravelCenters of America Ontario, CA station
- Land lease in Colton, CA Nikola greenfield station
- Land lease servicing the Port of Long Beach, CA Nikola greenfield station
Stations expected to be complete by the end of Q4 2023

P A G E / 1 8
2 0 2 2 - M I L E S T O N E S
Milestones
Deliver 300 – 500 production Nikola Tre BEVs to customers
Successful pilot testing of Tre FCEV alpha trucks with customers (Anheuser-Busch, TTSI, and others)
Build, Test, and Validate FCEV beta trucks
Announce location, break ground, and commence construction of the first hydrogen production hub in Arizona
Announce two or more dispensing station partners in California

https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation_file/51/3._2022.08.03_Q2_2022_Earnings_Call_Deck_v23.pdf
https://nikolamotor.com/investors


PHOENIX – May 5, 2022 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results for the quarter ended March 31, 2022.

“During the first quarter, we reached a significant milestone with the start of serial production for the Nikola Tre BEV at our Coolidge, Arizona manufacturing facility and are currently delivering saleable trucks to dealers for customer deliveries,” said Mark Russell, Nikola’s Chief Executive Officer. “We look forward to scaling production and delivering 300 – 500 production vehicles to customers this year.”

Nikola Tre BEV Update
During the first quarter, the final 10 of a total fleet of 40 pre-series Tre BEVs came off the line in Coolidge, Arizona. Pre-series trucks continue to be used in customer pilots, dealer demos, and internal R&D testing. On April 29, we successfully completed our first Tre BEV customer pilot with TTSI. We also successfully completed a 14-day pilot with Univar Solutions (NYSE: UNVR). We are currently undergoing pilot testing with several other customers, including Covenant Logistics (Nasdaq: CVLG).

On March 21, 2022, we began serial production of the Nikola Tre BEV in Coolidge, Arizona. We began shipping saleable Tre BEVs to dealers in April for customer deliveries. Customer POs for 134 trucks have been issued to our dealers utilizing California HVIP. To date, we have received POs, LOIs, and MOUs for a total of 510 Nikola Tre BEVs.
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