Nikola Results Presentation Deck

1. MANUFACTURING FACILITY BUILD OUT NIKOLA = Phase 2 assembly expansion area Jan'23 Expected, subject to change MEM WHERMITY Mar 23 25 Module & Pack Build Start (1) Assembly Line Conversion (1) May'23 44444 Jul'23 Saleable FCEV Start (1) Plan to modify the existing production line to accommodate both BEV and FCEV at the end of May Production expected to resume in July as we begin FCEV production We have more than enough capacity in Coolidge to meet production and delivery targets in 2023 Installed capacity of 2,400 trucks on 3 shifts Ability to expand production capacity to 20,000 units per year on 2 shifts in existing space Battery module and pack line expected by July 2023 Bosch fuel cell power module assembly expected by December 2023 Sep'23 Fuel Cell Power Module Assembly Start (1) Nov'23 NIKOLA 9

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