Nikola Moves Battery Manufacturing to Coolidge, Ariz.

PHOENIX, Jan. 13, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero emission transportation and energy supply and infrastructure solutions, today announced that it is moving its battery manufacturing from Cypress, Calif. to its Coolidge, Ariz. manufacturing facility. The move, which the company expects to complete by early Q3, brings Nikola's truck assembly, fuel cell power module assembly, and battery module and pack production under one roof and includes battery line automation geared toward improving quality and increasing efficiencies. 

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Nikola Corporation is moving its battery manufacturing from Cypress, Calif. to its Coolidge, Ariz. manufacturing facility. The move, which the company expects to complete by early Q3, brings Nikola's truck assembly, fuel cell power module assembly, and battery module and pack production under one roof in Coolidge.

The company intends to maintain manufacturing operations in Cypress through the end of Q2 2023, while it brings its production capabilities in Coolidge online and works through a detailed transition plan to prevent manufacturing disruptions. "This decision reinforces our commitment to finding ways to optimize our cost structure and create a sustainable business model," said Michael Lohscheller, Nikola Corporation President and CEO. "We remain focused on meeting our 2023 milestones, including pack and module production targets."

A battery engineering presence is expected to remain in California at a separate facility to focus on the development of Nikola's next generation battery management system software and modules.Nikola completed the acquisition of Romeo Power on October 14, 2022.

ABOUT NIKOLA CORPORATION

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero tailpipe 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.

SOURCE Nikola Corporation