Nikola Results Presentation Deck

90 // PAGE VTOMIN TRE FCEV PROGRAM UPDATE Blogs STRED Fil Budweisen H₂₂ C NIKOLA Busch chane 4 BU LIGH SELTZE reisery NIKOLA (2 JH₂E1 TREE BELLS CLOT USDOT 43823 NAPA.CA TIRE AL17916 KEY UPDATES Anheuser-Busch Pilot Update Two (2) Tre FCEV alphas began pilot operations with Anheuser-Busch (A-B) on January 25 ● ● Drove from Nikola HQ in Phoenix, AZ to A- B distribution center in Ontario, CA, a 350- mile journey on one fueling ● Placed into daily service within A-B's Southern California distribution network Completing three (3) month pilot program Trucks have accumulated over 3,500 combined miles After successful completion of the A-B pilot, the trucks will continue operations with additional customers throughout 2022 (TTSI next) Additional Updates Tre FCEV beta builds to begin in Q2, validation expected to start in Q3 and continue through the first half of 2023 Tre FCEV SOP anticipated early Q3 of 2023

View entire presentation