Nikola and Total Transportation Services Inc. sign letter of intent for 100 Nikola trucks

The Nikola Tre BEV is designed for local deliveries up to 350 miles. The Nikola Tre FCEV truck is targeted for distances up to 500 miles and should appeal to the majority of the North American regional market, especially when additional cargo carrying capacity and rapid refueling are required by fleet operators.

“The Nikola Tre trucks are exactly the type of zero emission solution that we have to use at the port,” said Vic LaRosa, president of TTSI. “Our trucks run 18 to 20 hours a day, so the benefits of the Nikola portfolio perfectly match our needs. The expected availability of the BEV matches our desire to quickly achieve our sustainability goals and the FCEV is ideal for longer trips. applications. Nikola’s combined truck and hydrogen value proposition made this partnership even more appealing to our management team. “

The letter of intent is for 100 zero-emission trucks, starting with a four-truck pilot slated to start in the first half of 2022 and consisting of two BEVs and two FCEVs. Based on satisfactory completion of vehicle testing and subject to TTSI securing certain government funding, thirty BEVs are expected to follow later in 2022, and 70 FCEVs are expected to start in 2023.

According to TTSI, in any given month, 13,000 to 14,000 trucks stop at the port of Los Angeles / Long Beach, emitting approximately 2,600 tonnes per year of nitrogen oxide emissions causing smog. This location and transportation use case represents one of the greatest opportunities in California have a significant impact on the transition to sustainable transport. TTSI has been at the forefront of this transition with early user status and will partner with Nikola Corporation to bring BEVs and FCEVs into service on a trial basis.

“TTSI’s decision to use both Nikola BEV and FCEV vehicles is a testament to their forward-looking and strategic mindset in covering a variety of distances and transport loads, while helping to California cleaner air initiatives, ”said Nikola’s global head of BEV business unit, Michael erickson. “We applaud TTSI’s commitment to a zero-emission future and look forward to helping realize this vision with Nikola zero-emission vehicles.”

“Dumping and Port operations present an excellent use case for BEV and FCEV trucks where operational efficiency cannot be compromised,” added Jason Roycht, Global Head of Nikola’s FCEV Business Unit. “We hope to jointly demonstrate with TTSI the advantages of both technologies during vehicle testing at the port of Los Angeles / Long Beach. The planned conversion of the TTSI fleet over the next few years will provide a roadmap for the implementation of the zero emission trucking that we hope Southern california will follow. “

ABOUT NIKOLA CORPORATION
Nikola Corporation is transforming the transportation industry globally. As a designer and manufacturer of zero-emission hydrogen and battery electric vehicles, electric vehicle transmissions, vehicle components, energy storage systems and hydrogen station infrastructure, Nikola is committed to revolutionize the economic and environmental impact of commerce as we know it. today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information visit www.nikolamotor.com or Twitter @nikolamotor.

ABOUT TOTAL TRANSPORT SERVICES INC. (TTSI)
TTSI is a leading logistics service provider with distinct expertise in the distribution of imports to the United States and Canada. The company is headquartered at Southern california and also has operations in the South and Northern California, Tacoma, Virginia, and Chicago. For more information visit www.ttsi.com.

NIKOLA CORPORATION FORWARD-LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by such words. that “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “should”, “plan” “,” Foresee “,” potential “,” seem, “” seek “,” future “,” prospect “and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the benefits of the collaboration; the benefits of FCEV trucks and BEV trucks in dally and port operations; the delivery time of the trucks excepted; and the schedule, features and specifications expected of the Company’s FCEV and BEV trucks. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not actual performance predictions. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements, including, but not limited to, the ability of the parties to reach definitive documentation for the collaboration and conditions of such an agreement; failure to realize the expected benefits of the letter of intent or any final agreement; TTSI’s ability to secure government funding for trucks; design and manufacturing changes and deadlines; general economic, financial, legal, regulatory, political and commercial conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal, regulatory and judicial proceedings to which Nikola is or may become a party; demand and customer acceptance of Nikola’s trucks; risks associated with the development and testing of fuel cell power modules and hydrogen storage systems; risks related to the deployment of Nikola’s business and the timing of expected commercial milestones; the effects of competition on Nikola’s future business; the availability of capital; risks related to changes in accounting treatment or accounting standards; and other risks detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2020 and other documents that Nikola files with the SEC. If any of these risks materialize or if our assumptions prove to be incorrect, actual results could differ materially from the results suggested by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

SOURCE Nikola Corporation

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