Nikola One Truck Revealed on December 1, 2016

Class 8 zero-emission hydrogen-electric truck in production by 2020

SALT LAKE CITY. December 1, 2016 -- Nikola (pronounced Neek-oh-la) Motor Company will unveil its highly anticipated Nikola One electric semi-truck tonight at an invite-only event in its Salt Lake City headquarters. The event will be attended by more than 600 members of the media, industry partners, customers and government leaders. For those not in attendance, the event will be live streamed on Nikola’s website: www.nikolamotor.com, beginning at 6:45 p.m. Mountain Time. View Full Press Release.








Nikola Complete Leasing Program

NIKOLA COMPLETE
LEASING PROGRAM

5,000 - $7,000 a month. Includes lease payment, unlimited miles, unlimited hydrogen fuel, warranty and scheduled maintenance.

We get asked about the cost of ownership more than anything else. For this reason, we created the Nikola™ Complete Leasing Program. This will allow owner-operators and fleets to get into a new Nikola One™ or Nikola Two™ and know their total cost of ownership every single month, regardless of fluctuating fuel costs and miles driven. On approved credit, the Nikola™ Complete Leasing Program will offer unlimited miles, unlimited hydrogen fuel, warranty and scheduled maintenance, all for only $5,000 - $7,000 per month (depending on options and trim). Then for no additional cost, you can trade-in for a new Nikola One™ every 72 months or 1,000,000 miles, whichever comes first. Whether you drive 8,000 miles per month solo or 16,000 miles per month as a team, your fuel cost is covered by Nikola™. Tax, title and license not included. More information will be updated to reservation holders and our website regarding details of the lease program.

Already reserved a Nikola One™? Don't worry, you will have the choice to choose between buying or leasing later on when we finalize the design and order with you.

Do the Math.
See the Monthly Savings.

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Monthly Cost to
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*Based on diesel cost of $2.50 per gallon, diesel MPG of 6, and free* hydrogen fuel from Nikola™ as part of the Nikola™ Complete Leasing Program.

Nikola Hydrogen Station

ZERO EMISSION
HYDROGEN STATIONS

Free* hydrogen fuel for 1,000,000 miles. Zero emissions, from production to consumption, and still up to 1,200 miles between fill ups.

Nikola™ is in the process of developing multiple 100-megawatt solar farms to create hydrogen from electrolysis. Nikola™ will convert solar energy to hydrogen on-site using only energy and water, making it the only fuel that is zero emission from production to consumption. The hydrogen is then transported from the Nikola™ solar farms to Nikola™ hydrogen stations by a fleet of Nikola One™ trucks, running on zero-emission electric-hydrogen powertrains. The hydrogen is stored at Nikola™ stations in liquid form, and then dispensed into vehicles as compressed or liquid hydrogen. From energy creation to energy consumption, the entire process is 100% emissions free with Nikola™.

Nikola Solar Farm

ZERO EMISSIONS.
FROM ENERGY CREATION
TO ENERGY CONSUMPTION.

Nikola Hydrogen Process
Nikola Hydrogen Station

364 PLANNED
NIKOLA™ HYDROGEN STATIONS

Nikola™ trucks can refuel with hydrogen from any of the 364 planned Nikola™ Hydrogen Stations. Nikola will provide *free hydrogen fuel for the first 1,000,000 miles for any Nikola One™ truck in the Nikola™ Complete Leasing Program. All non-Nikola vehicles can fill up at any Nikola™ Hydrogen Station for the low price of $3.50 per kG of hydrogen.

Nikola Motor Company™ currently has 364 strategically positioned hydrogen stations planned across the U.S. and Canada, and many more to come. With a range of up to 1,200 miles, we have you (and the entire country) covered. Below is a map of our planned stations. Zoom in to see if there are stations near you or on your routes. With 364 planned locations, we are confident there will be.

Nikola Solar Farm

FREE HYDROGEN FUEL
FOR 1,000,000 MILES

There is currently a per gallon federal credit to the station owner (Nikola™), so Nikola™ is able to build that into the price of the truck when purchased and can then realize those savings and give customers the pre-purchased fuel for the first 1,000,000 miles. Moving forward, taxes may go up. Nikola™ believes in zero emission hydrogen and hopes to transfer America off of diesel as soon as possible.

At Nikola Motor Company™, we've decided to invest in American energy. Nikola™ owns its own solar farms that produce hydrogen along with the Nikola One™ fleet that transports the hydrogen from the farms to the stations. Complete vertical integration removes market uncertainties and allows Nikola™ Motor to control its own prices and keep them low for Nikola™ customers.

Fuel Price Security

With Nikola™ Motor, the trucking industry's largest variable expense (fuel) is now fixed, predictable, manageable, affordable and guaranteed.


Nikola Savings
Nikola Service Center

800 SERVICE AND
WARRANTY LOCATIONS

Nikola™ has partnered with Ryder System, Inc. to provide you nationwide Shop, Mobile, & On-Site Maintenance coverage. With 800 locations across North America, there's always one nearby. All service and warranty work done at Ryder locations will be 100% covered under the Nikola™ Complete Leasing Program.

To keep your fleet running, you need a reliable maintenance solution that maximizes uptime and eliminates breakdowns at a predictable cost, when and where you need it. We have you covered. From full service, preventive, and On-Demand, we have the maintenance solutions to keep you running. Our more than 5,000 professionally trained and certified technicians can keep you fleet moving, and give you the reliable fleet you need whether service is performed at our service location, at your location, or by our mobile maintenance team.

Nikola Service Center
Nikola Shipments

BE MORE EFFICIENT
MAKE MORE MONEY

Nikola Shipments™ is an advanced freight scheduling software, and it comes standard with every Nikola One™ and Nikola Two™ vehicle.

A driver can simply input their departure and arrival locations and times and the Nikola Shipments™ software will provide all available shipments, Nikola Hydrogen Stations and Nikola Service Centers located along their route. The driver can then filter the available shipments by value and added time, and then add them to their route, all from the 21" touchscreen display.


Below are answers to the most frequently asked questions we have received. They are organized alphabetically by category, not in order of relevance.

BATTERIES

Q: What is the warranty on the battery pack?
A: Each battery pack is warrantied for the life of the lease which is earliest of 7 years or 1,000,000 miles.

Q: What is the size of the battery pack for the Nikola One™?
A: The Nikola One™ prototype has a 320 kilowatt hour (kWh) battery pack. The production model battery pack for the Nikola One™ might be slightly larger or smaller, depending on electric motor power needs as determined during testing.

Q: What kind of cells are in the battery packs?
A: The Nikola One™ battery pack cell size is 18650 lithium ion. There are several top manufactures of these cells, and we are still deciding which brand of lithium ion cell we will use based on which will provide the best performance. Once we have chosen a manufacturer, we will make an announcement.

Q: How much does the battery pack weigh?
A: The weight of the battery pack will depend on the final size of the production model battery pack. We estimate the production model battery pack will weigh between 3,000-4,000 lbs., which is significantly lighter than the diesel engine that has been removed.

Q: Is the battery pack weatherproof? Will it erode due to harsh or extreme conditions?
A: Each battery pack will be IP67 rated, which means it can withstand being submerged in water without shorting out or catching on fire. The battery pack will be tested under the harshest conditions to ensure suitability in extreme climates even when being blasted with road salt.

Q: How far can the Nikola One™ travel on the battery pack alone?
A: Each Nikola One™ is outfitted with an onboard range extending fuel cell that will automatically charge the battery pack when needed. If the onboard fuel cell were to fail, the Nikola One™ can travel around 100-200 miles at full battery level, depending on the size of the load. The Nikola One™ also has a charging port to help top off the batteries whenever you are resting.

CAB FEATURES

Q: What features are included in the Nikola One™ Cab? Can I customize my cab?
A: Each Nikola One™ will have a state of the art cab, providing comforts never offered before on production models. Cabs can be ordered and customized with many options that will soon be announced, but for now, here are some of the options we plan to offer;

Q: What cab configurations will Nikola™ offer?
A: The Nikola One™ is a sleeper cab and is currently the only model of truck offered. We will soon release more information on a day cab option that we plan to have in production around the same time as the Nikola One™. These will be the only two models offered initially by Nikola™ Motor.

COST / PRICE

Q: How much does the Nikola One™ cost?
A: The Nikola One™ will only be available through the Nikola™ Complete Leasing Program. There will be no purchase options available initially. The lease is $5,000 - $7,000 per month and includes; unlimited miles, unlimited fuel, warranty and scheduled maintenance for the first 1,000,000 miles or 7 years, whichever comes first.

Q: What happens after my lease is up?
A: Our goal is to provide a driver with a new truck every 1,000,000 miles or 7 years, whichever comes first. That means, after 1,000,000 miles you can renew your lease and trade in for a new Nikola One™, giving drivers an even playing field with fleets.

DEALERSHIPS

Q: Will Nikola™ Motor have dealerships?
A: For the most part, no. Nikola™ Motor will work with existing dealerships to give you nationwide coverage.

Q: How can I apply for a Nikola™ Dealership?
A: We have not announced where we plan to establish franchised dealerships, but if you would like additional information when it is available, please submit your information here.

ELECTRIC DRIVING EXPERIENCE

Q: How does electric driving work? Are there any gears or a clutch?
A: There is no clutch with the Nikola One™. It isn't needed. There is simply an accelerator pedal and a brake pedal. Just press either pedal to stop or go. It is that simple.

Q: How is the torque compared to a diesel?
A: With 4 electric motors, you get a unique 6x4 experience with full torque nearly all of the time. This means you do not have to hit a certain RPM to get torque. You just hit the pedal and instantly you have torque, another benefit of the electric motor. From 1MPH to 75MPH, you get near 100% torque. That's an advantage you only dream about with a diesel truck.

Q: What noises will I hear from the electric motors?
A: With electric motors, you only hear the noise of the radiator and gears. It is pretty quiet. You will be surprised by what other pleasant sounds you can now hear when you don't have a noisy diesel engine drowning them out.

Q: What about braking?
A: The Nikola One™ uses the electric motors to do most of the braking, which also charges the batteries at the same time. The electric motors can be reversed to slow you down much faster while remaining nearly 100% silent. Say good-bye to noisy engine brakes. When needed, the air disc brakes will kick in to assist the motors. This will extend the life of your air disc brakes by nearly 3-4x and give you almost double the stopping power. This is yet another safety feature offered by the Nikola One™ truck when compared to a typical class 8 diesel truck.

FUELING & CHARGING

Q: How often do I need to refuel?
A: The Nikola One™ has a fuel cell onboard that charges the batteries. This fuel cell runs on 100% zero-emissions hydrogen and will need to be refueled every 800-1,200 miles depending on terrain and load size.

Q: How often do I need to charge the batteries?
A: You don't. The truck has a fuel cell onboard that automatically charges the batteries for you. You never need to plug in. The Nikola One™ also has a charging port to help keep the batteries topped off while you are resting at a Nikola™ fueling station.

Q: How often does the fuel cell turn on during normal driving?
A: There are many factors that determine when the fuel cell turns on to charge; terrain, load to motors, battery longevity, battery level and more. We anticipate the fuel cell will run 50% of the time.

HORSEPOWER & TORQUE

Q: What is the horsepower and torque?
A: Our current prototype has 1,000 HP and 2,000 ft. lbs. of torque. The Nikola One™ will outperform any diesel class 8 truck on the road today. We may change this for production.

Q: Why so much horsepower and torque?
A: The advantage of the electric motor is that you only use what you need, when you need it. You are not penalized by having electric motors with greater HP and Torque. The motors only take the exact amount of energy they need to perform as directed and not a kilowatt more. So when you need that extra horsepower and torque to merge on the freeway, climb a hill or pass a slower driver, you have it.

Q: Will you offer a smaller horsepower and torque package?
A: We may offer smaller configurations depending on results from testing. We plan to provide more details on this at a later date.

MARKETS

Q: Does Nikola™ Motor plan to enter other vehicle markets?
A: Yes. We have several other ideas we have worked on internally, but will only announce those when we feel it is appropriate.

NIKOLA™ HYDROGEN STATIONS

Q: How many hydrogen fueling stations do you plan on having?
A: We currently have 364 hydrogen fueling stations planned. We eventually plan to have many more, but these initial 56 stations will allow drivers to cover the entire country without worry of not having access to our free hydrogen fuel*. The plan is that once our stations are up and running, you will have a station within 400 miles of you at any time. That means you could pass up to 3 stations before you need to refuel, giving you great access to fuel anywhere in the country.

Q: How many trucks can fuel at one time at your stations? How long does it take to fill up?
A: Due to the fact that we liquefy our own hydrogen and then dispense it , our ability to fill trucks is only limited by the number of pumps at each station. We currently plan to have between 5-10 hydrogen fueling pumps at each of our stations. Normal filling times will be between 10-15 minutes from empty.

Q: How is the hydrogen stored at each Nikola™ Motor fueling station?
A: The hydrogen is stored in liquid form onsite at each station.

Q: How is the fuel stored on the truck?
A: The hydrogen on board the Nikola One™ will be stored in cryogenic hydrogen tanks. kG is the metric used to measure the energy density of hydrogen.

Q: Can I plug in to charge the battery pack at a Nikola™ fueling station?
A: Yes. Each Nikola One™ comes equipped with a 50kW DC charger so you can top off your battery for free at our Nikola™ fueling stations. This allows you to run the amenities in your cab all night long without the need for the fuel cell to kick on. While you don't need to "plug-in" to run the Nikola One™, it is an option that we offer free of charge at our fueling stations for all our owners.

Q: Will Nikola™ fueling stations include a convenience store, truck wash, showers, etc.?
A: At first we will only offer re-fueling pumps at each of our stations, but we are already talking with potential partners to upgrade our stations to full service centers.

NUMBERS & COMPARISONS

Q: What numbers did you use for comparison and why did you only use 5.5 MPG?
A: We have decided to test our truck in the harshest environments rather than flat ground. With testing to be finalized in the Rocky Mountains climbing 6% grades, we wanted the worst case scenario. 5.5MPG. On flat ground, the diesel would achieve better results; around 7MPG, but so would the Nikola One™. We wanted worst case scenarios for our numbers. Not best.

Q: Why did you use 21,000 lbs for a truck? My diesel weighs less?
A: The Nikola One™ was built to showcase a fully loaded, wet, large sleeper cab with everything in it. No matter the comparison, you would be around 2,000 lbs lighter than a diesel. Want a day cab, it would weigh about 2,000 lbs lighter than a comparable diesel daycab. Want a short sleeper, Same result – about 2,000 lbs lighter. So if your truck weighs about 19,000 lbs, the Nikola One™ comparable spec would weight around 17,000 lbs.

Q: Why do you say you get 15-20MPG while posting 100kg of fuel stopping ever 1,200 miles?
A: Hydrogen is not measured by gallons, but rather weight.

ORDERING

Q: How do I order a Nikola One™ truck? Is a down payment required?
A: You can place a reservation for a Nikola One™ truck for $1,500 by clicking any of the Reserve buttons or links throughout this website. Simply create a Nikola™ account with your contact information and fill out the payment method for deposit. The deposit is 100% refundable until your order is finalized with colors, options and pricing. Anticipate a call within the next 12-18 months to complete your order. At that time you can choose to either cancel your order and be refunded 100% or have your reservation payment applied to the total price of your order.

Your Nikola One™ will be custom built at our factory in Utah and delivered to your door. You will also be able to sign in to see your account and get updates on when the truck will be available. Pricing can vary depending on the features you choose when you fill out your final order form later on. NMC may contact you for more information or to verify your deposit if we see a reason to. We also reserve the right to cancel, modify or change delivery orders at any time. Please see full terms and conditions for more information. Once you place an order, you will receive a welcome email within 24 hours of placing a reservation. This email will include directions on signing in, changing your password, printing your reservation invoice, and canceling and refunding your reservation should you change your mind. Your Delivery Experience Specialist will contact you once Nikola Motor Company™ is ready to send you the final order form. That specialist will also be added to your profile for any questions you may have. If you experience any difficulties in your reservation process, please contact us.

Q: What does my reservation get me?
A: A reservation for a Nikola One™ saves you a place in line to be one of the first to receive a truck. Reservations continue to come in every day. The sooner you reserve your Nikola One™ the sooner you will receive it once deliveries begin. Reservations for a Nikola One™ will also receive free hydrogen fuel for the first 1,000,000 miles, upon completion of a lease of a truck. The reservation also gets you an exclusive invite to the private unveiling event of the Nikola One™ truck in SLC, UT on December 1, 2016.

Q: How long until I get my truck once I place a reservation?
A: We plan to begin delivering trucks in approximately 3-4 years based on our current timeline, which includes completing all U.S. department of transportation testing and regulation compliance. This could change, but we will keep everyone updated to the timeline. Due to high demand, the quicker you place a deposit, the faster you can get your Nikola One™. We anticipate for every 2,500 - 5,000 trucks sold, the wait will be an additional year out. Nikola™ could be booked up for 5-10 years at launch, so make sure you get your deposit and and be part of the included hydrogen fuel for 1,000,000 miles.

Q: What about taxes and credits?
Buyer is responsible for state, federal and any other taxes associated with the purchase. These will be outlined to you in the final order form along with financing options, payment options and other information. There are state and federal credits that apply towards electric or hybrid vehicles. Check with your accountant to see if you qualify. About a month and a half before your Nikola One™ enters production you will be assigned a vehicle identification number (VIN). This number is often required by insurance companies and financing banks.

Q: How will registration work?
In most cases, Nikola™ will register your Nikola One™ on your behalf with your state's department of motor vehicles (DMV). Sales tax and registration fees will be collected as part of final payment. In some cases, your Nikola One™ will be considered an out-of-state purchase. Your Delivery Experience Specialist will let you know if this applies to you and provide you with the necessary documents to self-register your Nikola One™. We will issue a temporary tag so you can legally drive your Nikola One™ as soon as you take delivery. Depending on your payment type, you can register your Nikola One™ to your business, a trust, or two registrants. We'll make sure your registration documents reflect this selection. If you plan to finance your Nikola One™, your registration and financing documents must match. All registrants must be present at delivery to sign.

Q: How will the final payment be processed?
Once you have finalized your payment, the Delivery team will provide you with an itemized breakdown of options, taxes and registration fees prior to your vehicle delivery. Any balance due can be paid at that time. Final payment may be completed by using an electronic bank account debit or a check from a financing bank or credit union. Alternate payment options include a certified check or wire transfer. Credit cards are not accepted for final payment. Any balance due must be paid in full before you can take delivery of your vehicle. If you wish to pay your outstanding balance using multiple bank accounts, simply enter multiple electronic bank account debit requests. Nikola™ is not always able to collect sales tax and registration fees on your behalf. Your Delivery Experience Specialist will mention if this applies to you. In this special case, your vehicle will be considered an out-of-state purchase and you'll be responsible for paying sales tax and registration fees directly to your state's department of motor vehicles. These out-of-state purchases also require that final payment for your vehicle be made before your delivery appointment.

Q: Will software updates be available?
Nikola™ vehicles will regularly receives over-the-air software updates that add new functionality and features. When an update is available, you'll be notified on the center display with an option to install immediately, or schedule the installation for a later time. The average software update will take 1-2 hours to complete and will be free for all Nikola™ owners.

FUEL CELL

Q: How big is the Nikola™ fuel cell?
A: The Nikola One™ fuel cell produces almost 200 kilowatts (kW) of energy. This allows your Nikola One™ batteries to have more than enough power even during a steep hill climb.

Q: What fuel does the fuel cell run on?
A: The Nikola One™ fuel cell runs on hydrogen.

Q: How loud is the fuel cell?
A: The Nikola One™ fuel cell is nearly silent. This eliminates much of the normal noise you would hear and feel compared to a diesel engine.

Q: How do fuel cell emissions compare to diesel engine emissions?
A: The Nikola One™ fuel cell is 100% emission free. The natural burn efficiency of the Nikola One™ onboard fuel cell is over 60% efficient, beating all emission standards to date and allowing it to run without emissions equipment and in any country in the world. This means that our fuel cell is many times cleaner and much better for the environment than any current diesel engine on the market.

WARRANTY / SCHEDULED MAINTENANCE

Q: What does the warranty and scheduled maintenance program look like?
A: We will announce exact details of these programs before final ordering. For now, while it may change some, our goal is to provide all Nikola One™ orders with warranty and service coverage through the first 1,000,000 miles or 7 years of ownership, whichever comes first. Details and specifics to follow.

Q: What is the service network going to look like? Where can I get my truck serviced?
A: We will provide more details on this as we approach delivery of the trucks. We are working on partnerships that will provide a nationwide service network before trucks are delivered. You will be able to service your Nikola One™ through partner dealerships and also through Nikola™ Motor service centers. Our plan is to cover the majority of the USA before trucks enter service.