NIKOLA ACHIEVES MAJOR MILESTONE: 1 MILLION IN SERVICE MILES DRIVEN BY UPDATED BATTERY ELECTRIC TRUCKS

PHOENIX - January 9, 2025 - Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly announces that updated Nikola battery-electric trucks have surpassed one million end fleets and dealer in-service miles. Nikola BEVs are class 8, zero-emissions trucks meant for metro-regional applications. Nikola previously announced in September 2024 that all previous Nikola BEVs had reached 1.5 million in-service miles driven. These BEV trucks have been recently updated[BW2] with software and HMI updates, new batteries, charging and vehicle enhancements to include scheduled department charging, and Nikola app updates.

Mary Chan, Chief Operating Officer for Nikola, stated, "Nikola is thrilled to see our end fleets and dealers making deliveries in our battery-electric trucks. One million end fleets and dealer miles in our updated BEVs are one million zero-emission mil[BW3] es. Nikola BEVs, on the road and in our customers' hands, continue to help us reach our zero-emission goals."

Nikola has released a total of 94 updated BEVs back to end fleets and dealers to-date through 19 different fleet customers, who have driven these units 1,016,929 in-service miles. Nikola trucks come equipped with digital services and products. The Nikola Pulse app lets Nikola customer service teams take a daily pulse on Nikola vehicles to help improve uptime.

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 @christina23

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"). 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; 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; 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 September 30, 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
[email protected]