Expansion supports growing demand for sustainable transport solutions along the emerging “hydrogen highway”

PHOENIX, 12 August 2024 /PRNewswire/ — Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation, energy and infrastructure solutions, continues to supply HYLA fueling solutions through the HYLA brand to support the volume increase of its Class 8 hydrogen fuel cell electric trucks in Southern California, just off the 5 Freeway, one of the busiest truck routes in the United States.

Located at 13443 Freeway Dr. in Santa Fe Springs, California.Located at Tom’s Truck Center, a key part of the Nikola sales and service dealer network, this new modular HYLA fueling station begins operations today and supports Nikola’s goal of offering 14 fueling solutions by year-end, representing a mix of HYLA and partner fueling stations for our customers.

Nikola continues to open fueling stations and deploy facilities based on anticipated demand. The primary goal is to stay ahead of the rollout of hydrogen fuel cell electric trucks to ensure that fueling solutions are ready and available for end-fleets.

“Nikola is committed to leading the hydrogen revolution by working with key industry partners to strengthen and expand our hydrogen supply chain. Our efforts to expand the HYLA fueling station infrastructure underscore our commitment to meet the increasing demand for hydrogen fuel cell electric trucks and advance the transition to zero-emission transportation,” said President of Energy, Ole Höfelmann. “We thank the City of Santa Fe SpringsThe Santa Fe Springs Fire Department and Tom’s Truck Center for their support in making this project a reality and further developing the HYLA hydrogen network.”

Complementing the infrastructure network is Nikola’s commitment to delivering an exceptional customer experience by providing 24/7 support from dedicated HYLA ambassadors and operations engineers to ensure smooth and efficient refueling.

“We are excited to be the first in the U.S. to offer a hydrogen fueling station directly at our dealership to support the first wave of Nikola hydrogen fuel cell electric trucks now on the road,” said KC Heidler, President and CEO of Tom’s Truck Center. “Working with Nikola to make this possible also aligns perfectly with Tom’s Truck Center’s long-term commitment to zero-emissions transportation.”

The HYLA fueling network is structured to provide 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, California.

With the addition of the Santa Fe Springs station, Nikola completes a key hydrogen fueling triangle in Southern California. This strategic location, along with stations in Ontario and Long Beach, now forms a robust network spanning multiple counties and 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 trucking and energy company, Nikola is transforming commercial transportation. Our Class 8 vehicles, including battery-powered and hydrogen fuel cell trucks, and our HYLA energy brand are driving the advancement of the entire hydrogen refueling ecosystem.

Nikola’s headquarters are located in Phoenix, Arizona. with a production facility in Arizona.

Experience our journey to achieving your sustainability goals on nikolamotor.com or interact 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 the U.S. securities laws relating to Nikola Corporation (the “Company”), including statements regarding the benefits and capabilities of the Sant Fe Springs fueling station or the planned HYLA fueling solutions and related hydrogen infrastructure; that the fueling station achieves a critical milestone in the Company’s strategic plan by getting ahead of the rollout of electric trucks powered by hydrogen fuel cells; that the fueling station represents a significant step toward sustainable transportation; and the station’s ability to create positive environmental impacts; provide customers with access to hydrogen; work with partners to build a fueling ecosystem; the Company’s commitment to meeting increasing hydrogen demand and driving the transition to zero-emission transportation; and the Company’s beliefs about its competitive position and related benefits. Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and are therefore 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 Company’s ability to raise sufficient capital to meet its needs and fund its business; production delays and difficulties; risks associated with the expansion of the Company’s hydrogen fueling station infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen fueling stations; risks associated with the manufacturing of batteries and fuel cell power modules; hydrogen fueling station location variations and characteristics, including, but not limited to, tank hardware and software protocol, fuel quantity and tank conditions, all of which may impact fueling times; variations in terrain, temperature, speed, road conditions, truck configuration, payload and other variables that 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 December 31, 2018. June 30, 2024 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 in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and except as required by law, the Company undertakes 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.

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

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