Nikola Investor Day Presentation Deck

FUEL CELL STACK EXTERNAL TESTING POWERCELL, SWEDEN ■ Fuel Cell Stack Testing (120kW) FAT & DV Testing on Greenlight FC Test Stand Polarization RH-Stoichiometry-Pressure Sensitivity/Dynamic Drive Cycle ■ Initial Accelerated Stress Test (AST) Evaluation. Full FC Stack FAT wwwg POWERCELL POWERCELL Tukang GREENLIGHT IIL

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