Nikola SPAC Presentation Deck
Milestones
Engineering/
Design
Purchasing/
Sourcing
Vehicle Build
Validation
NORTH AMERICA
FCEV TRUCK TIMELINE
PROJECTED ROAD MAP TO COMMERCIALIZATION (2020-2023)
To achieve SOP milestone, Nikola's engineering, manufacturing, and testing must have a coordinated and collaborative understanding
of the overall vehicle architecture
Production-intent builds expected to begin at Beta Phase (2H 2021)
2020
2023
Apr May Jun July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun July Aug Sept
ā
ā
SOP (Low Volume)
Architectural Freeze
ENGINEERING & DEVELOPMENT
SOFT TOOLING BUILD
COMP./SUB ASSM. BUILD
2021
COMPONENT VALIDATION
Start Pilot Builds
ENGINEERING & DEVELOPMENT
SUPPLIER IN DENTIFICATION & SOURCING
Low volume production for FCEV trucks expected to
begin in Q1 2023
PROTOTYPE BUILD
DESIGN VALIDATION
BETA BUILD
2022
DESIGN VALIDATION
VEHICLE VALIDATION
PRODUCTION TOOLING BUILD
RELEASE ENGINEERING
COMP./SUB ASSM. BUILD
TEST FLEET MILEAGE ACCUMULATION
GAMMA (7 units)
VEHICLE VALIDATION
PRE-SERIES
PRODUCTION BUILD
N
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