NIKOLA REPORTS SECOND QUARTER VEHICLE PRODUCTION, DELIVERIES

Nikola achieves strong quarterly sales for Nikola Class 8 battery-electric trucks, doubles retail sales vs. Q1

Nikola Corporation zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.

Nikola continues its refocused plan of concentration on the North American market, reducing costs and producing the highest-quality Class 8 zero-emission trucks available today.

Nikola Tre BEV by the numbers:

Units	Q1 2023	Q2 2023	YTD total
Wholesale	31	45	76
Retail	33	66	99
Production	63	33	96

“It is not easy being a pioneer in the zero-emission Class 8 truck space, but we are witnessing a remarkable surge in momentum,” said Nikola CEO Michael Lohscheller. “We take great pride in our current achievements and the influx of orders coming in for our soon-to-be-produced hydrogen fuel cell electric truck. I believe there has not been a better time to be at Nikola as we move forward, together.”

Nikola has not completed its quarterly closing and review process or the preparation of its financial statements for the second quarter, and will announce full financial results on Friday, August 4, 2023.  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 stockholder engagement 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 July 27, 2023, at 11:00 a.m. ET (8:00 a.m. PT) and close on August 3, 2023, at 11 a.m. ET (8 a.m. PT). To submit questions, please visit app.saytechnologies.com/nikola-corporation-2023-q2.

What: Date of Nikola Q2 2023 Financial Results and Q&A Webcast 
When: Friday, August 4, 2023 
Time: 10:30 a.m. ET (7:30 a.m. PT) 
Webcast: https://nikolamotor.com/investors/news?active=events (live and replay) 
An archived webcast of the conference call will be accessible from the Investor Relations section of the company’s website https://nikolamotor.com/investors/news?active=events. 

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