FONTANA, Calif. – Oct. 10, 2024 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, has expanded in the southern Calif. market with the introduction of the “Next Generation Truck” (NGT) division of GTS Group as its newest sales and service dealer. 

The dealership, located at 14578 Valley Boulevard in Fontana, will sell both Nikola Class 8 trucks – battery-electric and hydrogen fuel cell electric and assist customers with securing local, state and federal incentives.

“After many successful years specializing in traditional diesel-powered Class 8 trucks, GTS is thrilled to embark on an exciting new chapter by introducing Next Generation Truck – what we call NGT – a new division that was created for the sales and service of Nikola trucks,” said Amir Delvarani, CEO of GTS Group. “We believe that Nikola has created the best Class 8 zero-emission trucks in the world, between the battery-electric and hydrogen fuel cell electric vehicles, with superior technology that will help drivers, fleet owners and companies meet their goals. Adoption of Nikola trucks into a fleet marks a significant step toward sustainability, and we are eager to contribute to a cleaner future for the trucking industry.”

This additional dealer brings the number of Nikola sales and service locations up to nineteen locations across the U.S. as it rapidly continues to fulfill its commitment to the expansion of the distribution network.

“Nikola is committed to building a strong and comprehensive sales and service network to ensure our customers receive the best support for their zero-emission transportation needs,” said Nikola President and CEO, Stephen Girsky. “Partnering with GTS Group strengthens our ability to deliver clean, efficient trucks while providing top-tier service and infrastructure solutions across Southern California.”

Delvarani added, “As we expand our offerings, we at GTS and NGT remain fully committed to providing the same exceptional support and service to our valued customers across the nation. Together, we are driving the future of transportation forward.”

ABOUT GTS GROUP
At GTS Group, we are known for leasing the most popular semi-trucks in the industry. Our family-owned company ITM Equipment produces one of the most popular Solar APU Systems in America. Our clients are quickly able to lease a fleet of the most innovative semi-trucks in the industry. Our clients are often repeat customers as we take initiative in satisfying the needs of our clients to the best of our ability. We work with proven top-notch dealers, suppliers and vendors to offer our clients a wide assortment of vehicles to choose from. Choose GTS so you can pay more attention to servicing your customers and growing your business while getting the best semi-trucks of the year.

Please contact us at www.gtstrucks.com or +1 (888) 328-3898, or via Facebook at @gtsleasingofficial, Instagram at @gtstrucks, or LinkedIn @gts-trucks.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or X / Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to: the belief that the company’s sales and service network will ensure customers receive the best support for their zero-emission transportation needs; the company’s partnership with GTS will strengthens the ability to deliver clean, efficient trucks while providing top-tier service and infrastructure solutions across Southern California.  Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: completion of the Company’s review of its third quarter results; changes to assumptions underlying vehicle sales; the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company’s hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; and the factors, risks and uncertainties described in the “Risk Factors” section of the Company’s annual report on Form 10-K for the year ended December 31, 2023 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

GTS MEDIA CONTACT
[email protected]

NIKOLA MEDIA CONTACT
[email protected]

ST. LOUIS, Oct. 8, 2024 /PRNewswire/ — Nestlé Purina PetCare, in collaboration with The Kenan Advantage Group, Inc. (KAG) and Nikola Corporation, launched its first zero-tailpipe-emission delivery with the use of a hydrogen fuel cell electric semi-truck this week. On its inaugural journey, the truck is transporting Purina products, including Tidy Cats cat litter, between three California cities: Stockton, Maricopa and Modesto. This represents a small part of Purina’s overall strategy to reduce greenhouse gas emissions.

“We are continuously identifying new opportunities within our business and through partnerships to help us meet our sustainability goals,” said Travis Krous, Purina senior director of Supply Chain Operations. “This truck represents an exciting opportunity to test new technology and determine if it’s feasible to scale.”

Purina’s manufacturing strategy promotes regional production and distribution, minimizing the number of long-distance trucks on the road. KAG will deliver Purina products using the Class 8 Nikola hydrogen fuel cell electric semi-truck, which has a maximum range of up to 500 miles and can be refueled in 20 minutes or less, all while producing zero tailpipe emissions while driving. According to Nikola, one truck avoids 97 metric tons of CO2 tailpipe emissions per year on average — the equivalent of taking 23 passenger vehicles off the road for a year.

“We’re excited to transport products on our first hydrogen fuel cell truck while helping our valued customer and partner, Purina, drive its sustainability goals forward,” said Tyler Coventry, executive vice president of KAG Food Products. “We’re committed to implementing more sustainable practices within the supply chain by optimizing the use of energy-efficient technologies.”

“We are proud to support Purina’s sustainability initiatives by supplying KAG with its first-ever hydrogen fuel cell electric Class 8 truck,” said Steve Girsky, Nikola president and CEO. “This collaboration aligns with our mission to drive innovation and environmental responsibility in the transportation industry.”

Developing Litter with a Focus on Sustainability

At its Tidy Cats-producing factory in Maricopa, Purina has implemented solar drying technology for the clay used in both scooping and non-scooping litter — an innovative solution which has led to substantial reductions in energy needs.

Purina is also taking steps to reduce its use of virgin plastics globally. Key to this effort is incorporating recycled content into packaging. By the end of the year, all Tidy Cats litter jugs will be made with 100 percent recycled content. Specially designed pail refill bags also help reduce plastic waste and allow cat owners to reuse pails.

For more information about Purina’s sustainability initiatives, visit Purina.com/About/Sustainability

ABOUT PURINA

Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations.

Purina manufactures some of the world’s most trusted and popular pet care products, including Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. More than 500 Purina scientists, veterinarians and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that support our communities and environment. Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

ABOUT THE KENAN ADVANTAGE GROUP, INC
The Kenan Advantage Group, Inc. is North America’s largest tank truck transporter and logistics provider operating through six groups consisting of Energy, Specialty Products, Food Products, Merchant Gas, KAG Canada and KAG Logistics. Our uncompromising commitment to our people, customers and community is founded in our core values. We believe in putting people first, developing strong partnerships, maintaining the highest standards of safety and security, behaving with integrity, focusing on environmental sustainability and promoting diversity, equity and inclusion.

KAG also provides specialized supply chain logistics solutions and services through KAG Logistics. Learn more at www.kaglogistics.com.

SOURCE Nestle Purina PetCare

For further information: [email protected]

PHOENIX – October 3, 2024 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its third quarter ended September 30, 2024 financial results and business updates on Thursday, October 31, 2024. On that day, Nikola’s management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company’s business and outlook.

To augment Nikola’s engagement with its shareholders and strengthen communication with investors, Nikola will utilize a Q&A platform developed by Say Technologies to allow verified retail and institutional investors to submit and upvote questions. Management will address a selection of the questions relating to Nikola’s business and financial results on the earnings call.  

The platform will open on October 23, 2024, at 10 a.m. ET (7 a.m. PT) and close on October 30, 2024, at 10 a.m. ET (7 a.m. PT). To submit questions, please visit https://app.saytechnologies.com/nikola-corporation-2024-q3.

What: Date of Nikola Q3 2024 Financial Results and Q&A Webcast 
When: Thursday, October 31, 2024
Time: 10:30 a.m. ET (7:30 a.m. PT) 
Webcast: To attend, click here. An archived webcast of the conference call will be accessible from the Investor Relations section of the company’s website.  

ABOUT NIKOLA CORPORATION 
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing.

Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

INVESTOR RELATIONS 
 
MEDIA RELATIONS
[email protected]

PHOENIX – October 2, 2024 – For Q3 2024,  Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 88 Class 8 Nikola hydrogen fuel cell trucks, firmly within truck sales guidance of between 80 and 100 fuel cell units for the quarter.  

For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total since the truck went on sale in Q4 of last year.

“This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station,” said Nikola CEO Steve Girsky. “Despite overall market headwinds, Nikola remains focused on our mission to pioneer solutions for a zero-emission world, and we’re doing it one truck at a time.”

All Nikola trucks are assembled in Coolidge, Ariz.

NOTE: Nikola has not completed its quarterly review process or the preparation of its financial statements for the third quarter ended September 30, 2024.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming transportation and over-the-road freight services. With our Class 8 vehicles, including battery-electric (BEV) and hydrogen fuel cell electric trucks (FCEV), and our energy brand, HYLA, we are driving the advancement of the complete hydrogen refueling ecosystem. This encompasses supply, distribution, and dispensing, reflecting our commitment to sustainable practices and a cleaner future.

Nikola is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz. 

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to:  the belief that the Company is pioneering solutions that will help transition to a zero emission future; the first ever dealer based hydrogen fueling station; and making progress one truck at a time despite market headwinds. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: completion of the Company’s review of its third quarter results; changes to assumptions underlying vehicle sales; the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company’s hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; and the factors, risks and uncertainties described in the “Risk Factors” section of the Company’s annual report on Form 10-K for the year ended December 31, 2023 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

MEDIA INQUIRIES

Nikola – [email protected]

LOS ANGELES — (September 13, 2024) — Tom’s Truck Center, an industry leader in commercial truck sales and service and an important part of the Nikola sales and service dealer network, opened the first hydrogen refueling station onsite at a commercial truck dealership. The Nikola HYLA modular hydrogen refueling station for the heavy-duty transportation sector is located onsite at Tom’s Truck Center’s Santa Fe Springs location in Los Angeles County, a strategic location along Highway 5, one of the busiest highways in the nation.

The high-pressure (700-bar) dispensing equipment allows for reliable turnaround times, refueling up to 30 trucks daily. The station will operate Monday through Friday from 6 a.m. to 5 p.m. with dedicated HYLA Ambassadors/Operations Technicians ensuring efficient service. Conveniently located along the highway, this setup minimizes downtime for heavy-duty trucks needing refueling, such as the Nikola hydrogen fuel cell electric vehicle.

“California is laying the foundation for a hydrogen-powered future, and we are proud to help drive this transition,” said Tom’s Truck Center President and CEO KC Heidler. “This station allows us to support our customers who choose hydrogen units by offering the necessary infrastructure. By partnering with HYLA and making hydrogen refueling accessible, we’re significantly reducing carbon emissions, improving air quality, and setting new standards in clean transportation.”

Notable guests in attendance at a special unveiling event included State Senator Josh Newman, State Senator Bob Archuleta, Santa Fe Springs City Manager Rene Bobadilla, GO-Biz Deputy Director of ZEV Market Development Gia Brazil Vacin, California Air Resources Board (CARB) Representative Isaac Lino Tom’s Truck Center President KC Heidler, and Nikola Corporation President and CEO Stephen Girsky.

“Hydrogen and fuel technology offer a promising pathway toward replacing diesel with green, renewable sources of energy at scale and affordability,” said Senator Josh Newman. “Today’s opening of the HYLA station at Tom’s Truck Center in Santa Fe Springs in Los Angeles County is an important milestone for zero-emission heavy goods movement in California and represents a critical next step as California makes progress on its ambitious goals to decarbonize our transportation systems in the service of cleaner air and a healthy sustainable environment for all.”

Other current HYLA hydrogen refueling locations in Calif. include Long Beach and Ontario. It is anticipated that 14 hydrogen refueling solutions will be operational by the end of 2024.

Tom’s also offers new and used sales, rental and leasing option, and service, for EV and hydrogen trucks of all sizes. Tom’s dedicated zero-emission transportation experts help customers navigate government incentive programs, provide charging options, educate on available products, and more. This new HYLA modular refueling station is only the beginning. The long-term plan incorporates a Tom’s Truck Center permanent hydrogen refueling station, which is projected to be completed by the end of 2026.

Link to Video from today’s event here

ABOUT TOM’S TRUCK CENTER
Established in 1949, Tom’s Truck Center provides commercial vehicle sales for new, used and rentals plus leasing, parts, and service for medium to heavy duty (Class 2-8) trucks and vans from leading commercial truck brands including Ford, Fuso, GreenPower, Hino, Isuzu, Nikola, and REE. Additionally, staff members can help customers navigate government incentive programs, provide charging infrastructure options, educate on available products, and more. Tom’s Truck Center has two locations 909 N. Grand Ave, Santa Ana, CA and 13443 E. Freeway Drive, Santa Fe Springs, CA. Visit www.ttruck.com.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing.

Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or X / Twitter @nikolamotor.

CONTACT
DeeDee Taft
Spin Communications
[email protected]
415.515.1229

Greer, South Carolina – September 2024 – Benore Logistic Systems, Inc. proudly announces the addition of a Nikola Class 8  truck to its battery-electric vehicle (BEV) fleet, further solidifying the company’s commitment to sustainable transportation. This acquisition brings Benore’s total electric fleet to eight advanced trucks, positioning them as a prominent leader in sustainability and clean transportation on the East Coast, and making them the foremost logistics provider in South Carolina and a key advocate for eco-friendly transport across the region.

The newly acquired truck, a Nikola BEV, is a reimagined cabover vehicle designed for short-haul metro-regional applications. It features an up to 330 miles, continuous horsepower of 645, and an estimated 90-minute charging time with a 350kW charger. With nine high-voltage battery packs totaling a gross capacity of 738 kWh, the Nikola BEV exemplifies the cutting-edge technology Benore is integrating into its operations. Notably, it has zero tailpipe emissions, further contributing to Benore’s sustainability goals.

“The addition of the Nikola zero-emissions truck to our fleet marks a significant milestone in our mission to optimize energy usage across various operational scenarios,” said Jeffery M. Benore, President and CEO at Benore Logistic Systems, Inc. “Our detailed analysis of energy efficiency, charging times, and overall performance under diverse conditions enables us to maximize the potential of electric vehicles in our logistics network.”

This fleet expansion was made possible through collaboration with South Carolina Ports, which secured federal funding from the EPA’s Diesel Emissions Reduction Act (DERA) program for Benore Logistics Systems.

“SC Ports is consistently looking for ways to make our operations more sustainable and efficient,” SC Ports President and CEO Barbara Melvin said. “This grant funding and the bold initiative by our partners to deploy electric trucks at SC Ports’ Inland Port Greer serve as a great model for companies looking to create more sustainable supply chains.”

Benore Logistic Systems, Inc. extends its gratitude to these partners for their invaluable support and shared dedication to advancing environmentally conscious solutions.

“This is the final truck under our Federal DERA Grant,” added Jeffery Benore. “The Nikola BEV will allow us to extend our electric vehicle reach within the Southeastern U.S., supporting longer-range trips and reinforcing our commitment to sustainable logistics.”

About Benore Logistic Systems, Inc. 

Benore Logistic Systems, Inc. was founded in 1994 and continues to be led by Jeffery M. Benore, CEO and President, and Joan Benore, Vice President. Benore offers integrated solutions customized to meet the individual needs of customers through optimized supply chain, transportation, warehousing, and on-site services. Almost three decades later, the devotion to quality and attention to service has allowed Benore to grow with operations throughout the United States, while continuing to be both family-owned and operated. For further inquiries or to schedule interviews, please contact Dennis Kunz at: [email protected].

PHOENIX – August 27, 2024 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of accomplished transportation executive Thomas “Tom” Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation.

As CCO, Schmitt will align Nikola’s commercial efforts to scale the company’s business.  He will oversee the company’s sales, commercial operations, dealerships, service, customer success, and marketing functions.

“Fortifying our commercial team is crucial to our success as we focus on our customers’ experience and expanding the zero-emission Class 8 marketplace,” said President and CEO, Stephen Girsky. “Tom brings a solid track record built over the past 35-plus years that will help drive forward Nikola’s strategic and operational goals, inside and out.”

Schmitt brings to Nikola decades of transportation leadership, having served as CEO of Forward Air, CCO of Schenker, CEO of Purolator and FedEx Supply Chain and is a longtime board member for various well-known entities.

“I’ve been following Nikola for years, and it’s an honor to join this mission-driven organization with the sole goal of decarbonizing the trucking industry,” said Schmitt. “I look forward to working with the passionate Nikola team in bringing that goal to fruition.”

ABOUT THOMAS SCHMITT
Thomas “Tom” Schmitt is Chief Commercial Office (CCO) of Nikola Corporation.

Prior to Nikola, Schmitt served as President, Chairman and CEO of Forward Air, a major freight transportation business focused on North America.  Under his leadership, Schmitt and his team led the company to profitable growth during the global COVID pandemic, with the share price more than tripling from early 2020 through December 2021.

From 2015 to 2018, Schmitt was a Management Board Member and CCO for Schenker, a freight forwarding, transportation and logistics company, operating in 140 countries with $30 billion in global revenues. He led a team of 22,000 in the Global Contract Logistics business, and as CCO, Schmitt led Schenker AG’s global Sales and Marketing activities, and in his first year, the company grew by more than €1 billion.

Between 2013 and 2015, Schmitt led Aqua Terra, Canada’s leading provider of natural spring water, reporting directly to the Board as one of the company’s owners, together with Private Equity firm Birch Hill Partners. Under Schmitt’s leadership, the company was transformed, and at the end of his tenure, Schmitt and Birch Hill executed the sale of Aqua Terra to a larger strategic buyer.

From 2010 to 2012, Schmitt served as CEO and director on the Board for Purolator, a $1.6 billion company with 12,000 employees and Canada’s top parcel and freight provider. Prior to Purolator, Schmitt spent 12 years at FedEx, where he served as CEO of FedEx Supply Chain, a FedEx operating company, and led FedEx Solutions, a FedEx Services division that developed and executed specific and integrated turnkey supply chain customer solutions.

Schmitt has served as a Director on the Ferguson plc Board of Directors since 2019, and from 2015 to 2019, he served on the board of Cyberport GmbH in Dresden, Germany.  From 2014 and 2018 Schmitt was a Director on the Board of Dicom Transportation Group in Montreal, Canada; from 2013 to 2016, was a Director on the Board of Zooplus AG; and from 2008 to 2013, as a Director of the Board of Univar, Inc.

Schmitt is a strong believer in community engagement, and served as Chair of the Memphis Chamber, as well as on the boards of Ballet Memphis and Shelby Farms Park.

He holds an MBA as a Baker Scholar from Harvard Business School and a Bachelor of Arts in European Business Administration, First Class Honours, from Middlesex University. In 2006, Schmitt was co-author of “Simple Solutions,” a guide to management and leadership.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or X/Twitter @nikolamotor.

FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to: the Company’s beliefs regarding the potential benefits of Mr. Schmitt joining the Company’s executive management team; Mr. Schmitt’s ability to help drive forward Nikola’s strategic and operational goals; Mr. Schmitt’s role in solidifying the Company’s foundation for success as it works to reshape the trucking industry and drive decarbonization forward; Mr. Schmitt’s ability to help align the Company’s commercial efforts to scale its business; and Nikola’s position at the forefront of a transformative industry. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: risks related to the rollout of the Company’s business and milestones and the timing of expected business milestones; and the factors, risks and uncertainties regarding the Company’s business described in the “Risk Factors” section of the Company’s annual report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the “SEC”), in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

NIKOLA MEDIA CONTACT
[email protected]

PHOENIX — August 19, 2024 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, continues its efforts to decarbonize the trucking industry with a Sourcewell Awarded Contract.

Public agencies can click HERE to access Nikola Corporation contract 032824-NKA.

Nikola secured a Sourcewell contract following a rigorous request for proposal (RFP) process, ensuring compliance with local procurement requirements, and delivering exceptional value and service. This partnership grants any public agency access to purchase from Nikola Corporation through a ready-to-use, Sourcewell-vetted contract, streamlining the public purchasing process.

Sourcewell, a self-funded governmental organization established in 1978, facilitates a cooperative purchasing program that harnesses the collective purchasing power of more than 50,000 participating agencies. By streamlining procurement with pre-negotiated, competitive contracts, Sourcewell enables government, educational, and nonprofit organizations to secure cost-effective and efficient purchasing solutions.

ABOUT NIKOLA CORPORATION: 

Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

MEDIA INQUIRIES
[email protected]

PHOENIX –– August 12, 2024 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand,  continues to deliver HYLA refueling solutions to support volume ramp-up for its Class 8 hydrogen fuel cell electric trucks in Southern Calif, just off of the 5 Freeway, one of the busiest truck routes in the U.S.

Located at 13443 Freeway Dr. in Santa Fe Springs, Calif., this new HYLA modular refueling station is located at Tom’s Truck Center, an important part of the Nikola sales and service dealer network. It begins operations today, and supports Nikola’s goal of 14 refueling solutions by year-end, reflecting a mix of HYLA and partner stations available for our customers.

Nikola continues to launch stations and deploy assets based on anticipated demand, with the main objective of staying ahead of hydrogen fuel cell electric truck deployment to ensure fueling solutions are ready and available for end fleets.

“Nikola is committed to leading the hydrogen revolution by collaborating with key industry partners to strengthen and expand our hydrogen supply chain. Our efforts to grow the HYLA refueling infrastructure underscore our dedication to meeting the rising demand for hydrogen fuel cell electric trucks and driving the transition to zero-emission transportation,” said President of Energy, Ole Hoefelmann. “We thank the City of Santa Fe Springs, the Santa Fe Springs Fire Department, and Tom’s Truck Center for their support in making this project a reality and advancing the HYLA hydrogen network.”

Complementing the infrastructure network is Nikola’s commitment to providing an exceptional customer experience, offering round-the-clock assistance through dedicated HYLA Ambassadors and Operation Technicians for seamless and efficient fueling.

“We are thrilled to be the first in the U.S. to offer a hydrogen refueling station onsite at our dealership to support the first wave of Nikola hydrogen fuel cell electric trucks now on the roads,” said Tom’s Truck Center President and CEO KC Heidler. “Working with Nikola to make this happen also fits in perfectly with Tom’s Truck Center’s long-term commitment to zero-emission transportation.”

The HYLA refueling network is structured to offer a diverse portfolio of solutions for Nikola’s hydrogen fuel cell electric vehicles and additional Class 8 customers, including modular and permanent HYLA stations, “behind-the-fence” options, and partnerships such as with FirstElement Fuel in Oakland, Calif.

With the addition of the Santa Fe Springs station, Nikola is completing a crucial hydrogen fueling triangle in Southern Calif. This strategic location, together with its Ontario and Long Beach stations, now forms a robust network that spans multiple counties, serving a population of over 12 million people.*

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to the benefits and capabilities of the Sant Fe Springs station or the planned HYLA fueling solutions and related hydrogen infrastructure;  about the station beginning a pivotal milestone in the Company’s strategic plan by staying ahead of hydrogen fuel cell electric truck deployment; about the station marking a significant stride toward sustainable transportation; and about the stations ability to drive positive environmental impact; providing customers access to hydrogen; working with partners to establish a fueling ecosystem; about the Company’s dedication to meeting the rising hydrogen demand and driving the transition to zero-emission transportation; and the Company’s beliefs regarding its competitive position and the benefits thereof. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company’s hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; variations in terrain, temperature, speed, road conditions, truck configuration, payloads and other variables which may affect range; the Company’s ability to remain listed on Nasdaq; and the factors, risks and uncertainties  described in the “Risk Factors” section of the Company’s quarterly report on Form 10-Q for the quarter ended June 30, 2024 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

MEDIA INQUIRIES
[email protected]

* US Census Bureau – https://www2.census.gov/programs-surveys/popest/tables/2020-2023/metro/totals/cbsa-met-est2023-pop.xlsx

Nikola Corporation Reports Second Quarter 2024 Results

• Reported strongest topline in the history of the company, Q2 2024 revenue was $31.3M, up 318% from Q1
• Wholesaled 72 hydrogen fuel cell electric vehicles in Q2, exceeding the high-end of guidance, up 80% from Q1
• Created alternative revenue streams with our initial sale of regulatory credits
• BEV “2.0” recall program on track for completion by year-end 2024

PHOENIX – August 9, 2024 — — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended June 30, 2024.

“In the last three quarters of serial production, we have demonstrated that Nikola is the offtake. We are the catalyst to disrupt Class 8 trucking to make zero-emission a reality,” said Steve Girsky, President and CEO of Nikola. “We are the only OEM with Class 8 FCEVs commercially available in North America today. Our trucks are put to the test every day by end fleet users, hauling freight and delivering to their customers. Q2 is an example of how we’re approaching the intersection of mission and reality and how Nikola is out front, charting the course.”

Hydrogen Fuel Cell Electric Truck

In Q2, we exceeded the high-end of the guidance range by delivering 72 hydrogen fuel cell electric vehicles (FCEVs) to our dealer network. That makes 147 wholesaled FCEVs in the first three quarters of serial production. Last quarter, we talked about the importance of expanding our reach to meet the demands of end fleet users virtually anywhere in North America. Walmart Canada is the first major retailer in Canada to introduce a hydrogen fuel cell electric semi-truck to its fleet. We also received repeat orders from two national accounts. Nikola’s Profitability Flywheel is beginning to gain momentum with these national accounts, as each of these end fleets grows its zero-emission presence to achieve decarbonization goals.

We continue to delight fleet users with data-driven quality and performance. To date, our FCEV end fleets have traveled more than 550K miles with an average fuel economy of 7.2 mi/kg, validating our performance benchmark. We collect field data every day and the numbers bear out. On a converted basis, our FCEVs outperformed the average Class 8 truck on fuel economy and avoidance of tailpipe emissions. We estimate the average miles per gallon (mpg) diesel equivalent of our FCEV is 8.0, or 23% better, than the Class 8 fuel economy average of 6.5/diesel gallon equivalent (DGE) per the Department of Energy. Moreover, in-service FCEVs have consumed more than 77 metric tons of hydrogen dispensed at various Nikola fueling solutions. In total, we estimate our FCEV end fleet operations have avoided approximately 867 metric tons of CO₂ tailpipe emissions.*

HYLA Energy

We’re delivering HYLA fueling solutions to support volume ramp up. As a strategy, we are launching stations and deploying assets where we anticipate demand. It is our objective to stay ahead of FCEV deployment so that fueling solutions are ready and available for end fleets. To that end, since the Q1 earnings call, we opened a HYLA branded station in Toronto, Ontario, Canada and completed commissioning a modular station in Santa Fe Springs in Southern Calif. We also added another modular refueler at our Ontario, Calif. station, doubling capacity. We recently had a record day in Ontario, with 28 FCEVs refueled and more than 850kg of hydrogen dispensed in one day. Likewise, through our work with Shell, our fleet customers have been able to fuel at Shell’s heavy-duty station in Ontario, CA, where density has been growing. Our stations run 24/7 to support the around-the-clock operations of our fleet users.

Constructive Green Policies

We continued to maintain our dominant share of HVIP vouchers in Calif. At quarter-end, we had 99% of FCEV and 23% of battery-electric vehicle (BEV) HVIP vouchers. We also created alternative revenue streams from the sale of regulatory credits. We recognized our first sale agreement of NOx and PM credits in the quarter. We expect this revenue stream to grow as volume increases each model year.

Battery-Electric Truck

We continued to make progress returning BEVs to our dealer network and end fleet users. We remain on track to complete the recall program by year-end 2024. Feedback on returned units has been overwhelmingly positive and over-the-air updates continue to reach customers.

Webcast and Conference Call Information

Nikola will host a webcast to discuss its second quarter results and business progress at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) on August 9, 2024. To access the webcast, parties in the United States should follow this link.

The live audio webcast, along with supplemental information, will be accessible on the Company’s Investor Relations website here. A recording of the webcast will also be available following the earnings call.

*Average emissions avoidance estimate based on total end fleet odometer mileage, avg. 6.5 mi/diesel gallon equivalent fuel economy of Class 8 trucks (per DOE), and the mobile combustion emission factor of 10.21 kg CO2 per gallon of diesel fuel (per EPA).

About Nikola Corporation

Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing.

Nikola headquarters is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or X / Twitter @nikolamotor

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to: the Company’s future financial and business performance, business plan, strategy, focus, opportunities and milestones; the benefits and momentum in the Company’s profitability flywheel; customer demand for trucks; the Company’s beliefs regarding its competition and competitive position; the Company’s business outlook; the Company’s expectations regarding hydrogen refueling solutions and timelines; expectations related to the battery-electric truck recall, including timing of battery replacement and truck deliveries and sales; the Company’s beliefs regarding the benefits and attributes of its trucks, and customer experience; estimated average mileage per gallon diesel equivalent; estimated avoidance of tailpipe emissions; and government incentives including CARB credits and expectations regarding related revenue. These forward-looking statements other than statements of historical fact, and generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: successful execution of the Company’s business plan; design and manufacturing changes and delays, including shortages of parts and materials and other supply challenges; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; demand for and customer acceptance of the Company’s trucks and hydrogen refueling solutions; the results of customer pilot testing; the execution and terms of definitive agreements with strategic partners and customers; the failure to convert LOIs or MOUs into binding orders; the cancellation of orders; risks associated with development and testing of fuel cell power modules and hydrogen storage systems; risks related to the recall, including higher than expected costs, the discovery of additional problems, delays retrofitting the trucks and delivering such trucks to customers, supply chain and other issues that may create additional delays, order cancellations as a result of the recall, litigation, complaints and/or product liability claims, and reputational harm; risks related to the rollout of the Company’s business and milestones and the timing of expected business milestones; actual driving conditions and other factors that affect vehicle range; changes in methodology, inputs, assumptions or other factors used to estimate average mileage per gallon diesel equivalent or avoidance of tailpipe emissions; the effects of competition on the Company’s business; the Company’s capital needs ability to raise capital; the Company’s ability to achieve cost reductions and decrease its cash usage; the grant, receipt and continued availability of federal and state incentives; and the factors, risks and uncertainties regarding the Company’s business described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q, for the quarter ended March 31, 2024 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Use of Non-GAAP Financial Measures

This press release references Adjusted EBITDA and non-GAAP net loss per share, basic and diluted, all of which are non-GAAP financial measures and are presented as supplemental measures of the Company’s performance. The Company defines Adjusted EBITDA as earnings before interest expense, taxes, depreciation and amortization, stock-based compensation expense, and certain other items determined by the Company. Non-GAAP net loss is defined as net loss adjusted for stock-based compensation expense and certain other items determined by the Company. Non-GAAP net loss per share, basic and diluted is defined as non-GAAP net loss divided by weighted average basic and diluted shares outstanding. These non-GAAP measures are not substitutes for or superior to measures of financial performance prepared in accordance with generally accepted accounting principles in the United States (GAAP) and should not be considered as an alternative to any other performance measures derived in accordance with GAAP.

The Company believes that presenting these non-GAAP measures provides useful supplemental information to investors about the Company in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational-decision making. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore any non-GAAP measures the Company uses may not be directly comparable to similarly titled measures of other companies.

INVESTOR INQUIRIES:

[email protected]