NIKOLA DELIVERS FIRST NIKOLA TRE BATTERY ELECTRIC TRUCKS TO TOTAL TRANSPORT SERVICES INC.

Present at today’s ceremony was MP Nanette Diaz Barragán, who represents California 44and District, California State Senator steven bradford (SD-35) and representatives from:

  • Office of the U.S. Congressman Alan Lowenthal
  • U.S. Representative’s Office Linda Sanchez
  • U.S. Representative’s Office Linda Torres
  • U.S. Representative’s Office Maxine Waters
  • CA Governor Gavin Newsom Office of Business and Economic Development
  • Office of the California State Assemblyman Mike Gipson
  • Office of the California State Assemblyman Patrick O’Donnell
  • Office of the California State Senator Ben Allen
  • LA County Board of Supervisors Office Hilda Solis
  • Office of Los Angeles Mayor Eric Garcetti, and
  • Representatives of the following organizations: Port of Los Angeles, South Coast Air Quality Management District, Coalition for Clean Air, Long Beach Clean Cities/Cerritos College, LA Clean Tech Incubator (LACI), CALSTART, Better World Group and union partners.

After the program, guests had the opportunity to experience the Tre BEV first-hand in demonstrations and as truck passengers.

“Nikola is committed to making its first Tre BEV deliveries in Q4 2021 and it is a great honor to celebrate this milestone with our partner, TTSI, and dignitaries who are committed to advancing transportation solutions at zero emissions to reduce truck emissions in port operations,” said Nikola CEO Marc Russell. “TTSI has important sustainability goals, and we’re happy to help them achieve their vision with our zero-emission trucks.”

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

The Nikola Tre BEV is designed for local deliveries up to 350 miles. The Nikola Tre FCEV truck is intended for ranges up to 500 miles and is expected to address the North American regional market, particularly where additional hauling capacity or rapid refueling is required by fleet operators.

“Today represents a major milestone in our continued quest to achieve a zero emissions fleet, which is why TTSI places great importance on its partnership with Nikola. Production, performance and maintenance will be key to our future success, and we are confident that Nikola will excel on all three fronts,” said Vic LaRosa, president of TTSI.

“Achieving a zero-emissions transportation future requires bold leadership and collaboration from federal, state and local partners, as well as major investments from the private sector,” said Congresswoman Nanette Diaz Barragán. “This is crucial to the health of people living in communities near ports in my district, who suffer from higher rates of cancer, asthma and other respiratory illnesses due to all the toxic diesel emissions from equipment and trucks at the ports. I appreciate the commitment that TTSI and Nikola have made to the Port of Los Angeles for a cleaner and safer future.”

According to TTSI, in any given month, 13,000 to 14,000 trucks call at the port of Los Angeles/Long Beach, emitting about 2,600 tonnes per year of smog-causing nitrogen oxide emissions. 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 adopter status and will partner with Nikola to field BEVs and FCEVs on a trial basis.

European ports are also considering using Nikola trucks. In September 2021, Nikola and IVECO have signed a memorandum of understanding with the Port Authority of Hamburg to deliver up to 25 VEB Nikola Tre for delivery in this port throughout 2022.

ABOUT THE NIKOLA COMPANY
Nikola Corporation is transforming the transportation industry globally. As a designer and manufacturer of zero-emission hydrogen and battery electric vehicles, electric vehicle drivetrains, 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 TRANSPORTATION SERVICES INC. (TTSI)
TTSI is a leading logistics service provider with distinct expertise in import distribution to the United States and Canada. The company is headquartered in 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 purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as ” believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “should”, “plan”, “predict”, “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 between TTSI and Nikola; the advantages of FCEV trucks and BEV trucks in drayage and port operations; the excepted time of truck delivery; and the planned schedule, features and specifications 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 predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, the parties’ ability to conclude definitive documentation for the collaboration and the terms of such agreement; failure to realize the anticipated benefits of the letter of intent or any definitive agreement; TTSI’s ability to obtain government funding for the trucks; design and manufacturing changes and delays; general economic, financial, legal, regulatory, political and business 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; customer demand and acceptance of Nikola trucks; risks associated with the development and testing of fuel cell 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 associated with 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 quarterly report on Form 10-Q for the quarter ended September 30, 2021 and other documents that Nikola files with the SEC. If one of these risks materializes, or if our assumptions prove incorrect, actual results could differ materially from the results implied 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.

SOURCENikola Corporation

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