PHOENIX, Jan. 4, 2024
/PRNewswire/ -- The elves weren't the only ones busy during the
2023 holiday season; Nikola Corporation (Nasdaq: NKLA), a
global leader in zero-emissions transportation and energy supply
and infrastructure solutions, via the HYLA brand, in 2023 produced
42 and wholesaled 35 Class 8 Nikola hydrogen fuel cell electric
vehicles (FCEVs).
"What an effort by our dedicated and passionate team, to create
— and deliver — what we believe is the only U.S. designed and
assembled Class 8 hydrogen fuel cell electric truck on the road
today," said Nikola CEO Steve
Girsky. "Our pioneering spirit is what made it possible to
wholesale these 35 trucks to our dealers for customers in the U.S.
and Canada. We thank our
employees, customers and partners for this achievement, and look
forward to delivering more trucks in 2024."
Of the seven trucks produced but not wholesaled, three are being
used in an extended field test with a fleet partner, two are in
continued validation and engineering and two are being used for
service training/customer demos.
Nikola's FCEV features a range of up to 500 miles and an
estimated fueling time as low as 20 minutes.* The company believes
its truck is among the longest ranges of all commercially available
zero tailpipe emission Class 8 trucks, with versatile applications
ranging from drayage and intermodal to metro-regional truckload and
less-than-truckload to certain specialized hauling use
cases.
"Our goal is to introduce a better, cleaner way to deliver goods
to the North American market in a reliable package," said Girsky.
"Our FCEV customer pilot programs have shown strong results, with
truck uptime at 98%**—crucial for efficient fleet usage."
Assembled in Coolidge, Ariz.,
the FCEV commenced serial production on July
31, 2023, with the commercial launch on September 28.
NOTE: Nikola has not completed its quarterly review process
or the preparation of its financial statements for the fourth
quarter or year ended December 31,
2023. Nikola will announce information regarding 2023
financial results and 2024 outlook in the coming weeks.
ABOUT NIKOLA CORPORATION
Nikola Corporation's mission is clear: pioneering solutions for a
zero-emissions world. As an integrated truck and energy company,
Nikola is transforming transportation and over-the-road freight
services. With our Class 8 vehicles, including battery-electric and
hydrogen fuel cell electric trucks, and our energy brand, HYLA, we
are driving the advancement of the complete hydrogen refueling
ecosystem. This encompasses supply, distribution, and dispensing,
reflecting our commitment to sustainable practices and a cleaner
future.
Nikola is based in Phoenix,
Ariz. with a manufacturing facility in Coolidge, Ariz.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
Twitter @nikolamotor.
FORWARD-LOOKING STATEMENTS
This press release
contains certain forward-looking statements within the meaning of
federal securities laws with respect to Nikola
Corporation (the "Company"), including statements relating to
the range, refueling time, uses and potential benefits of its
hydrogen fuel cell electric truck; the Company's beliefs regarding
the competitive benefits of its hydrogen fuel cell truck; the
Company's belief that it is the only U.S. designed and assembled
Class 8 hydrogen fuel cell electric truck currently on the road;
the Company belief that its truck is among the longest ranges
of all commercially available zero tailpipe emission Class 8
trucks; the Company's belief it will deliver additional trucks in
2024; and the Company's beliefs regarding its competitive position
and the benefits thereof. Forward-looking statements are
predictions, projections, and other statements about future events
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: the
ability of the Company to access sufficient capital to meet its
requirements and fund its business; manufacturing delays and
difficulties; risks related to the rollout of the Company's
hydrogen fueling infrastructure and the timing thereof;
construction risks and delays; the availability of access to
hydrogen refueling facilities; the level of and cancellation of
customer orders; risks associated with manufacturing batteries and
fuel cell power modules; variations in and characteristics of the
hydrogen fueling location, including but not limited to fueling
hardware and software protocol, fuel amount, and fueling
conditions, any of which may affect refueling times; variations in
terrain, temperature, speed, road conditions, truck configuration,
payloads and other variables which may affect range; the Company's
ability to remain listed on Nasdaq; and the factors,
risks and uncertainties described in the "Risk Factors"
section of the Company's quarterly report on Form 10-Q for the
quarter ended September 30, 2023
filed with the SEC, in addition to the Company's subsequent filings
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and, except as required by law, the
Company assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
* Refueling time estimate depends on the characteristics of
the hydrogen fueling location, including fueling hardware and
software protocol, fuel amount, and fueling conditions. Actual
refueling times will vary.
** Based on Nikola-measured customer demo performance from
September to December 2023, "Gamma"
pilot trucks.
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SOURCE Nikola Corporation