Nikola Investor Day Presentation Deck
NIGRL L. ASKED:
"Is Nikola planning on branching out to passenger cars or pick up trucks in the future?"
an
VOLLE LADUNG
FÜR HAMBURG
UL HP 5003
FIRE
HPA
Hamburg Port Authority
HA
uported NE
ZUIUNIT
CUM
NIASSEN.
IK DLA
IVECO
BEHUIL60941
163
NIKOLA RESPONSE:
The short answer is no, and the main reasons are that:
1. Nikola is a growth stage company with limited capital, so we had to
make a conscious decision on what to focus on and what not to
focus on at this stage of our growth. Developing a passenger
car/cross-over platform is a capital-intensive effort that would take
billions of dollars to do properly. In other words, we felt we could
pursue commercial vehicles or passenger vehicles, but not both.
2. We felt a need to be laser focused on Clean Commercial
Transportation, where we feel our core competencies lie.
Since the end of 2020 we have focused on developing Battery Electric
and Hydrogen Fuel Cell heavy trucks for commercial transportation in
the U.S. and Europe, and we have begun to make commercial
deliveries of our trucks since the second quarter of 2022 in North
America. We are currently working to make commercial deliveries of
our FCEVs in the second half of 2023.
NIKOLAView entire presentation