Nikola SPAC Presentation Deck

WORLD CLASS STRATEGIC PARTNERSHIPS... - . ● ● MARQUEE CO-DEVELOPMENT PARTNERS CNH/IVECO INDUSTRIAL International leader in the development, manufacture, marketing, and servicing of a vast range of light, medium, and heavy commercial vehicles Series D investor and partner in 50/50 European joint venture and North American production alliance OTHER KEY INDUSTRY PARTNERS Hanwha One of the world's largest and most recognized photovoltaic manufacturers and energy providers • Series C investor and exclusive solar panel provider EDAG #1 global engineering service provider to the Commercial Vehicle industry for cab development Cab and Chassis engineer . • ● • Nikola's extensive network of strategic partnerships significantly reduces execution risks, improves commercialization timeline, and provides long-term competitive advantage ● ● H BOSCH Leading global supplier of technology and services to automotive, industrial, energy, building technology, and consumer end markets with ~410,000 employees and ~$90B in annual revenue Series B and C investor and powertrain design (e.g., fuel cell, battery, VCU) co-development partner Any related IP will be jointly owned by Nikola nel Largest producer of electrolyzers and other hydrogen equipment Ryder Series C investor and hydrogen production equipment supplier (electrolyzers and other components for hydrogen stations) Ever better. Largest truck leasing company in the U.S. with over 800 service centers and 6,000 highly trained technicians Exclusive sales and service partner • Series B investor in Nikola and brake traction and stability control system developer ● WABCO Leading global supplier of braking control components and air management systems to medium- and heavy-duty trucks • AVL 20 World's largest independent company for the development, simulation and testing of powertrains Designer and developer of first-in-class vehicle and hydrogen fuel cell test facility N 14

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