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Need to Know

Nikola and Republic Services End Collaboration on Refuse Truck

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PHOENIX -- Nikola Corporation (NASDAQ: NKLA) announced today that Nikola and Republic Services (NYSE: RSG) have discontinued their collaboration on refuse truck development.

The goal of the collaboration was to design and build an industry-first fully integrated refuse truck based on a zero-emissions battery-electric drive platform and body while also integrating multiple new systems into a new state-of-the-art vehicle.  

After considerable collaboration and review, both companies determined that the combination of the various new technologies and design concepts would result in longer than expected development time, and unexpected costs. As a result, the program is being terminated resulting in the cancellation of the previously announced vehicle order.

"This was the right decision for both companies given the resources and investments required," said Nikola CEO Mark Russell. "We support and respect Republic Services' commitment to achieving environmentally responsible, sustainable solutions for their customers. Nikola remains laser-focused on delivering on our battery-electric and fuel-cell electric commercial truck programs, and the energy infrastructure to support them." 

Nikola has laid out a roadmap that begins deliveries of Nikola Tre battery-electric semi-trucks in the US in 2021. Nikola is also planning to break ground on its first commercial hydrogen station in 2021. The company's fuel-cell-electric semi-trucks will be produced at Nikola's Coolidge, Arizona facility beginning in 2023. 

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.com.

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