NIKOLA AND IVECO BEGIN ORDERING EUROPEAN NIKOLA TRE BEV HEAVY-DUTY TRUCK WITH BEST-IN-CLASS RANGE

The European Nikola Tre FCEV in beta version also made its debut, offering a preview of the future electric-powered semi-trailer for long-haul transport, and is expected to be launched in the second half of 2023 in North America and first half of 2024 in Europe.

“Nikola Tre’s zero-emission battery-electric and fuel-cell trucks are truly a game-changer in the commercial trucking industry,” said Michael Lohscheller, President, Nikola Company. ‚ÄúDeveloped specifically as electric vehicles, they deliver performance and a driving experience capable of rivaling their diesel-powered peers in the toughest missions. They offer operationally and financially viable zero-emission solutions for applications regional and long-distance transportation that will give customers a real competitive advantage.”

“Today we are making history with the first products for the European market from IVECO’s powerful partnership with Nikola Corporation,” said Luca SraPresident of the Truck Business Unit, Iveco Group. “Together, our teams have designed a modular platform capable of hosting both fuel cell and battery propulsion technologies, starting with the European 4×2 Artic version of the Nikola Tre BEV heavy truck making its debut here today. today. It is the first-ever electric-driven modular platform for articulated heavy-duty tractors to house both power sources: battery electric for missions of around 500 km and fuel cell electric powertrain for towing up to 800 km in its first generation. A true revolution that marks a tangible step towards our ambitious goal of achieving zero-emission transport.”

The European Nikola Tre BEV is produced by the Nikola IVECO Europe joint venture at its dedicated manufacturing facility in Ulm, Germany. The facility, which opened in 2021, has a final assembly process specifically designed for electric vehicles and operates to world-class manufacturing standards.

Orders open for European Nikola Tre BEV

Nikola and IVECO today announced the official opening of orders for the European 4×2 Artic version of the Nikola Tre BEV. The vehicle, which has a wheelbase of 4,021 mm, is equipped with nine batteries with a total energy storage of up to 738 kWh, which offers a range of up to 530 km. An 80% charge takes about 100 minutes at 350kW. With 480kW of continuous power from the FPT Industrial e-Axle, the truck has the power, torque and range to perform applications such as hub-to-hub deliveries and regional hauling – and its mileage can be extended with an opportunity recharge. This performance is accompanied by a low total cost of ownership, making it an operationally and financially viable zero-emissions solution.

In line with its driver-centric approach, every detail of the Nikola Tre BEV’s cabin is designed to enhance life on board with a spacious and well-appointed environment rich in comfort features and advanced functionality. The infotainment system is based on Nikola’s next-generation proprietary operating technology that integrates infotainment and navigation functions, as well as controls for most vehicle functions. The exceptionally smooth ride and quiet surroundings add up to the superior driving experience, which should make the Nikola Tre a real favorite with drivers across the world. Europe.

For more information on the Nikola Tre BEV, visit www.nikolamotor.com.

European Nikola Tre FCEV unveiled

The Nikola Tre FCEV Artic 6×2 in beta version has a steering axle and a new cabin with improved aerodynamic performance. With a wheelbase of 3,932 mm, it can accommodate around 70 kilograms of usable hydrogen at 700 bar of pressure. This capability, combined with its fast refueling time of less than 20 minutes, allows for a range of up to 800 km. When Nikola Tre FCEV enters the European market in 2024, zero-emission electric propulsion for long-haul missions will become a reality.

About Nikola Corporation

Nikola Corporation is transforming the transportation industry globally. As a designer and manufacturer of zero-emission hydrogen and battery electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen station infrastructure, Nikola is committed to revolutionize the economic and environmental impact of commerce as we know it. today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

Forward-looking statements

Certain statements included in this press release that are not historical facts are forward-looking statements. Forward-looking statements are generally accompanied by words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, ” should”, “should”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “prospect” and similar expressions which predict or indicate future events or trends or which are not not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the company’s beliefs regarding the potential benefits of Tre BEV and Tre FCEV; the company’s beliefs regarding the range and expected performance of the Tre BEV and the Tre FCEV; and company expectations regarding production lead times and vehicle delivery times. These statements are based on various assumptions, identified or not identified in this press release, and on the current expectations of Nikola’s management. We cannot assure you that forward-looking statements will be realized, and forward-looking statements are not predictions of actual performance. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, design and manufacturing changes, challenges and delays; changes to vehicle specifications; economic, financial, legal, supply chain, regulatory, political and business conditions and changes in domestic and foreign markets; potential challenges arising from COVID-19; the outcome of legal, regulatory and judicial proceedings to which Nikola is or may become a party; customer demand and acceptance of Nikola trucks; risks associated with the development and testing of battery storage systems, electric axles, fuel cell power modules and hydrogen storage systems; risks related to the deployment of Nikola’s business and the timing of expected business milestones, including the delivery of trucks for sale; the effects of competition on Nikola’s future business; the availability of capital; and other risks detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the quarter ended June 30, 2022 and other documents that Nikola files with the SEC. If one of these risks materializes, or if our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

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