Nikola Investor Day Presentation Deck

40 PAGE VTOMIN ULM MANUFACTURING OVERVIEW FACILITY OVERVIEW Nikola's joint venture with Iveco offers access to its state-of-the-art manufacturing facility located in Ulm, Germany ✓ Minimum expected capital commitment Expected capacity of 2,000 units per year with opportunity to expand to 10,000 per year with existing footprint NIKOLA" Official Inauguration (Sep 2021) NYKULS US BEV Pre-Series Builds (Jun 2021) Iveco's Ulm, Germany, facility offers Nikola prime access to serve EU market

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