Nikola SPAC Presentation Deck

SELECT MEDIUM AND HEAVY DUTY BEV AND FCEV ANNOUNCEMENTS NIKOLA • Market is awakening to the vast potential of BEV and FCEV heavy duty trucks • Nikola trucks are in advanced stages of development and testing and are expected to meet specific use case needs, supporting potential rapid market adoption FCEV ANNOUNCEMENTS KENWORTH FCEV Truck Heavy Duty Limited production Q4 2019 (10 units) BEV ANNOUNCEMENTS DAIMLER FREIGHTLINER RENAULT Trucks MACK A FUSO Class 8 Truck HYUNDAI H2 XCIENT Heavy Duty Production 2023 eActros Class 8 Truck Serial production 2021 Nikola is positioned to be a first mover in both BEV and FCEV, with an advanced state of truck development eCascadia Class 8 Truck Serial production 2021 E-Fuso Vision One Serial production 2021 FL and FE Medium and Heavy Duty Serial production March 2020 Z.E. Lineup Short Haul and Refuse Pre-series model testing 2H19 LR Refuse Refuse Testing 2020 PACCAR CF Electric DAF DAIMLER Trucks Cummins TESLA Short Haul and Refuse Fleet trials 2019 Announced goal to have H₂ series- production vehicles by the end of the 2020s AEOS Class 7 Truck Announced production 2020 ET-1 Class 8 Truck Announced production 2019 Plan to spend €1B+ in electro mobility by 2025 Semi Class 8 Truck Limited production 2020 NAVISTAR Medium Duty Production 2021 International eMV Same Truck Group HYDROGENICS FCEV Truck Class 8 Truck No announced production

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