Phoenix Hydrogen Hub LLC Project Invited into Phase II of U.S. Department of Energy $1.3 Billion Loan Application Process

PHOENIX, December 1, 2022 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that the Department of Energy Loan Program Office (LPO) has invited its Phoenix Hydrogen Hub LLC project loan application into Part II of its application process. The project loan application was submitted on May 26, 2022, and has now progressed through the Part I review. FORWARD-LOOKING STATEMENTSCertain statements included in this press release that are not historical facts are forward-looking statements. We cannot assure you that forward-looking statements will be achieved and forward-looking statements are not predictions of actual performance. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.