PHOENIX, July 15, 2021 /PRNewswire/ -- Nikola
Corporation (NASDAQ: NKLA), a leading designer and
manufacturer of heavy-duty commercial battery-electric vehicles
(BEV), fuel-cell electric vehicles (FCEV) and energy infrastructure
solutions, announced today a second phase in establishing a
nationwide plan for its Class 8 truck sales and service coverage
with the addition of five independent dealers with more than 51
locations in Texas, Arizona, California, Colorado, New
Mexico, Florida,
Delaware, Virginia and Maryland.
The five independent dealership additions to the Nikola dealer
network average more than 80 years of providing strong sales and
service support to customers. The Nikola dealer network
expansion includes HOLT Truck Centers (7 locations in
Texas), Empire Truck &
Trailer (7 locations in Arizona and California), Wagner Equipment Co. (11
locations in Colorado,
New Mexico), Ring Power (14
locations in Florida), and Carter
Machinery (12 locations in Delaware, Maryland, Virginia).
In April, Nikola announced a partnership with RIG360
Service Network, a network of heavy-duty truck service and
maintenance centers, to provide sales and service products for
commercial customers at more than 65 RIG360 dealer locations
throughout the Southeast, Midwest and Northeast regions of the
United States.
Today's announcement is anticipated to bring the number of
Nikola sales and service locations up to 116 across the United States as it rapidly continues to
fulfill its commitment to the expansion of the distribution
network.
"These five new partners are expected to add a culture of
customer focus and service leadership that we are building at
Nikola. Customers will benefit from the strength and experience of
these companies and their highly talented organizations," said
Nikola Energy and Commercial President Pablo Koziner. "These dealers will work closely
with customers in helping them maximize operational efficiencies,
energy management, vehicle uptime and overall industry adoption in
BEV and FCEV vehicles."
ABOUT NIKOLA CORPORATION
Nikola Corporation is
globally transforming the transportation industry. As a designer
and manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as we know it today. Founded in
2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information,
visit www.nikolamotor.com or
Twitter @nikolamotor.
FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "expect," "should," "would,"
"plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the potential benefits of the strategic
partnerships, including the ability to provide customers with
market leading sales and service while maximizing operational
efficiencies, energy management and vehicle uptime; the company's
expectations regarding its business, business model and strategy;
the company's expectations for its trucks and market acceptance of
electric trucks, both BEV and FCEV; and market opportunity. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of Nikola's management and are not predictions of actual
performance. Forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements, including but not
limited to, design and manufacturing changes and delays; failure to
realize the anticipated benefits of the definitive agreements;
general economic, financial, legal, regulatory, political and
business conditions and changes in domestic and foreign markets;
the potential effects of COVID-19; the outcome of legal, regulatory
and judicial proceedings to which Nikola is, or may become a party;
demand for and customer acceptance of Nikola's trucks; risks
associated with development and testing of fuel cell power modules
and hydrogen storage systems; risks related to the rollout of
Nikola's business and the timing of expected business milestones;
the effects of competition on Nikola's future business; the
availability of capital; risks associated with changes in
accounting treatment or accounting standards; and the other risks
detailed from time to time in Nikola's reports filed with the
Securities and Exchange Commission, including its annual report on
Form 10-Q for the quarter ended March 31,
2021 and other documents Nikola files with the SEC. 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.
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SOURCE Nikola Corporation