Nikola Plunges on Announcing New Hyla Station

Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, continues to deliver HYLA refueling solutions to support volume ramp-up for its Class 8 hydrogen fuel cell electric trucks in Southern Calif, just off of the 5 Freeway, one of the busiest truck routes in the U.S.

This new HYLA modular refueling station is located at Tom's Truck Center, an important part of the Nikola sales and service dealer network. It begins operations today, and supports Nikola's goal of 14 refueling solutions by year-end, reflecting a mix of HYLA and partner stations available for our customers.

Nikola continues to launch stations and deploy assets based on anticipated demand, with the main objective of staying ahead of hydrogen fuel cell electric truck deployment to ensure fueling solutions are ready and available for end fleets.

NKLA shares fell 30 cents, or 3.6%, to $8.14.

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