LAS
VEGAS, May 21, 2024 /PRNewswire/ -- The 2024
Advanced Clean Transportation (ACT) Expo marks another step in
decarbonizing the trucking industry for Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand and AiLO
Logistics, a major drayage carrier operating in the Ports of
Los Angeles and Long Beach. Today, it is announced that AiLO
has placed a 100-truck order of Nikola hydrogen fuel cell electric
vehicles ("FCEVs") from Tom's Truck Centers, a member of
the Nikola sales and service dealer network. Deliveries
are scheduled for 2025.
As part of AiLO's ongoing efforts to advance sustainable
logistics services, the company's drayage division is poised for
expansion. This includes incorporating 100 Nikola hydrogen FCEVs
into their operations to meet the growing demands of the port
industry.
"Nikola trucks are on the road today, and the biggest test of
our trucks is measured by our customers and their repeat orders,"
said Ryan Clayton, Global Head of
Sales, Nikola Corporation. "Having a prominent and mission-driven
customer in AiLO not only purchase trucks for 2024 but double their
order for 2025 is an honor for our organization and a testament to
their drive to make a difference. We are glad to support with Class
8 vehicles as well as our HYLA energy infrastructure."
AiLO, a newly rebranded company combining other corporations,
including MDB Transportation, had previously ordered 50 Nikola
FCEVs from Tom's Truck Centers. Deliveries from that original
order have commenced and are ongoing throughout 2024.
"We're not just in the business of moving goods; we're in the
business of moving businesses forward. Through innovation,
technology, and sustainable practices, we aim to redefine the
logistics landscape and drive positive change in the industry,"
said Jack Khudikyan, AiLO CEO. "This
strategic move to incorporate Nikola FCEVs into our operations
reaffirms our commitment to environmental stewardship and
underscores our proactive approach toward embracing cutting-edge
technologies."
One of the distinctive black and colored-striped
AiLO trucks is featured at Nikola's Ride and Drive event area
at the 2024 ACT Expo.
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.
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 X /
Twitter @nikolamotor.
ABOUT AiLO
AiLO, which stands for "Ai Logistics,"
is a leading provider of port drayage services in the Ports of
Los Angeles, Long Beach, and other major ports nationwide,
reaffirms its dedication to sustainability and innovation with a
significant milestone in its fleet technology.
The significance of this transition is highlighted by recent
statistics from the Port of Los
Angeles, where, in the first four months of 2024, local
dockworkers moved a staggering 3,150,841 Twenty-Foot Equivalent
Units (TEUs) across Los Angeles
marine terminals. This marked a remarkable increase of nearly 25%
compared to the previous year, reflecting the escalating demand for
efficient and sustainable logistics solutions.
In line with our commitment to decarbonization, AiLO was one of
the first fleets to utilize near-zero technology, powered by
Compressed Natural Gas (CNG) and Renewable Natural Gas (RNG). This
initiative not only aligns with our customers' Green Supply Chain
Goals (GSG) but also underscores our mission of achieving zero
emissions in our operations.
AiLO's comprehensive product offerings encompass a wide range of
services tailored to meet the diverse needs of our clients,
including Drayage, 3PL, Dedicated Service, Cartage, Local and
Regional Haul, Cross-Border Operations, and Warehouse and
Cross-Dock Solutions. Each service is delivered with a steadfast
commitment to excellence, reliability, and environmental
responsibility.
NIKOLA 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 expected timing of deliveries for orders from AiLO Logistics;
and the Company's belief that the biggest test of its trucks is
measured by its customers and their repeat orders. 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; 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 annual report on Form
10-K for the year ended December 31,
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.
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SOURCE Nikola Corporation