Nikola Celebrates The Commercial Launch Of Hydrogen Fuel Cell Electric Truck In Coolidge

COOLIDGE, AZ (September 28, 2023) – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, achieved a significant milestone today as it celebrated the commercial launch of the Nikola hydrogen fuel cell electric vehicle at its state-of-the-art manufacturing facility in Coolidge, Arizona.

The ceremony was attended by fleet customers, dealers from Nikola’s sales and service network, government officials, prominent Phoenix business and community leaders and the dedicated Nikola team, all of whom played a pivotal role in making this achievement possible. The event also included remarks from Nikola executives and Sandra Watson, President and CEO of Arizona Commerce Authority, truck and hydrogen demonstrations, sustainability impact overviews, production line tours and informal technology Q&As with Nikola engineers on hydrogen safety, the HYLA ecosystem and the Nikola human machine interface system.

“Today, we mark the official commercial launch of our advanced technology hydrogen fuel cell electric trucks into the North American marketplace. It’s a testament to the relentless `can do’ attitude of our team and is a step closer to realizing our vision of sustainable and efficient transportation,” said Steve Girsky, Nikola President and Chief Executive Officer. “As we head into the fourth quarter, we are focused on delivering our trucks at scale and securing our position as pioneers in the hydrogen refueling ecosystem to support our customers.”

Nikola’s ground-breaking hydrogen fuel cell electric truck features a range of up to 500 miles and an estimated fueling time as low as 20 minutes. This truck is expected to have 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.

Progressing steadily towards its strategic goals, Nikola and its dealers have received 223 non-binding orders for its hydrogen fuel cell electric trucks from 23 customers. Notable fleet operators such as J.B. Hunt, AJR Trucking, Biagi Bros. and TTSI, are among the growing list of customers committing to the future of sustainable trucking.

The completion of Phase 2 assembly expansion at the Coolidge manufacturing facility sets the stage for a new era in transportation. With a versatile mixed-model production line capable of manufacturing both hydrogen fuel cell and battery-electric trucks, the facility stands ready to achieve an annual production capacity of approximately 2,400 trucks across three shifts.

Progress is also evident on the fuel cell power module assembly line in Coolidge, scheduled for completion in Q4 of this year, with Bosch supplying these critical modules.

“We are proud to celebrate the launch of Nikola’s innovative hydrogen fuel cell electric vehicle production facility in Coolidge,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “Nikola's investment in Arizona’s electric vehicle supply chain and their partnership with leading suppliers are driving further economic growth. We look forward to supporting Nikola’s success as the company continues to shape the future of transportation from Coolidge.”

As Nikola accelerates toward its goal of mass-producing hydrogen fuel cell electric trucks, the HYLA team is committed to securing a reliable hydrogen supply to meet the demands of 2023 and beyond by collaborating with partners who share in the vision for a sustainable and efficient future.

The company has been awarded potential grant funds to help facilitate the ongoing development of hydrogen refueling stations along key Calif. freight corridors and with the previously announced joint effort with Voltera to establish up to 50 HYLA stations across North America over the next five years.

"As we receive these significant grants and form strategic partnerships, we're forging ahead on our mission to build a comprehensive zero-emission transportation solution,” said Joe Cappello, Nikola President of Energy. “The support from state agencies, such as California, incentives in Canada, and others, underscores our combined commitment to help fleets meet climate goals and improve air quality in the most critical areas. It's a testament to the strength of HYLA's vision for an integrated hydrogen ecosystem that supports not only our hydrogen fuel cell electric trucks but also lays the foundation for a scalable energy business.”

With these awards and collaborations, Nikola is firmly on track to create an open network of commercial hydrogen refueling stations, initially in Calif., and expanding across North America, with HYLA also working to deploy a fleet of hydrogen mobile fuelers to provide flexible infrastructure where it may be required.

Media Contact

Nikola, [email protected]

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 commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing.

Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.
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