PHOENIX – January 13, 2023 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero emission transportation and energy supply and infrastructure solutions, today announced that it is moving its battery manufacturing from Cypress, Calif. to its Coolidge, Ariz. manufacturing facility. “This decision reinforces our commitment to finding ways to optimize our cost structure and create a sustainable business model,” said Michael Lohscheller, Nikola Corporation President and CEO. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.