Nikola Investor Day Presentation Deck

NIKOLA HIGH LEVEL MILESTONE PLAN Announce hydrogen station collaboration Begin Tre BEV testing 4Q2020 Complete Tre BEV prototypes Manufacture second batch of Tre BEV test trucks 1Q2021 2Q2021 Break ground on first commercial hydrogen station Substantial completion of JV manufacturing building modifications in Ulm Complete Phase I of Coolidge, AZ manufacturing facility 3Q2021 Begin Tre BEV production in Ulm Ulm facility assembly line complete for start of Tre BEV production 4Q2021 Manufacturing • Tre BEV Begin testing FCEV truck prototypes 2022 Begin U.S. Tre BEV production in Coolidge facility FCEV Truck Begin production of FCEV trucks 2023 Complete Coolidge facility • Hydrogen Station

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