Nikola Investor Day Presentation Deck

7 PAGE VOXIN TRANSACTION WOULD SIGNIFICANTLY INCREASE PACK PRODUCTION Number of Battery Packs Delivered Monthly (2) Equivalent # of Trucks(1) 28 June 2022 (Actual) Higher Volumes 1) Each truck has 9 battery packs. 2) Chart shown for illustrative purposes only. Size of the bars do not represent actual ratio. Expected by End of 2023 Expected to significantly increase battery pack delivery to Nikola through: Single product focus ● Operational improvements More efficient production processes Additional manufacturing lines Significant operational improvements are expected post-merger, which should lead to greater production output and more consistent delivery of modules and packs

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