LAS VEGAS –– May 21, 2024 — The 2024 Advanced Clean Transportation (ACT) Expo marks a significant milestone in the decarbonization of the trucking industry for Nikola Corporation (Nasdaq: NKLA).
In a major announcement, AiLO Logistics, a prominent drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed a 100-truck order for Nikola hydrogen fuel cell electric vehicles (FCEVs) from Tom’s Truck Centers, part of the Nikola sales and service dealer network. Deliveries are scheduled for 2025.
AiLO Logistics, which continues to advance sustainable logistics services, is expanding its drayage division by incorporating these 100 Nikola hydrogen FCEVs to meet the increasing demands of the port industry. This significant order follows an initial purchase of 50 Nikola FCEVs, deliveries of which have already begun and will continue throughout 2024.
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“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 at Nikola Corporation. “Having a prominent and mission-driven customer like 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 that includes MDB Transportation, is committed to redefining the logistics landscape through innovation, technology, and sustainable practices. “We’re not just in the business of moving goods; we’re in the business of moving businesses forward,” said Jack Khudikyan, AiLO CEO. “Through innovation, technology, and sustainable practices, we aim to redefine the logistics landscape and drive positive change in the industry.
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 AiLO’s distinctive trucks is on display at Nikola’s Ride and Drive event area at the 2024 ACT Expo.
About Nikola Corporation Nikola Corporation is dedicated to pioneering zero-emissions transportation and energy solutions. As an integrated truck and energy company, Nikola is transforming commercial transportation with its Class 8 battery-electric and hydrogen fuel cell electric trucks, and its HYLA energy brand, which advances the hydrogen refueling ecosystem from supply to distribution and dispensing. Nikola is headquartered in Phoenix, Arizona, with a manufacturing facility in Coolidge, Arizona.
About AiLO AiLO, or Ai Logistics, is a leading provider of port drayage services at major ports, including the Ports of Los Angeles and Long Beach. Committed to sustainability and innovation, AiLO is at the forefront of integrating near-zero and zero-emission technologies in its operations. Recent statistics from the Port of Los Angeles show a significant increase in cargo movement, underscoring the growing demand for efficient and sustainable logistics solutions.
AiLO’s comprehensive services include Drayage, 3PL, Dedicated Service, Cartage, Local and Regional Haul, Cross-Border Operations, and Warehouse and Cross-Dock Solutions. The company’s commitment to environmental responsibility is evident in its early adoption of Compressed Natural Gas (CNG) and Renewable Natural Gas (RNG) technologies and its ongoing efforts to achieve zero emissions.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Nikola Corporation, including statements about the expected timing of deliveries for orders from AiLO Logistics and the belief that customer repeat orders are a significant test of the trucks.
These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual events to differ materially. Factors that could impact future events include the company’s ability to secure sufficient capital, manufacturing delays, hydrogen fueling infrastructure rollout challenges, and customer order levels.
Detailed risk factors are outlined in Nikola’s annual report on Form 10-K for the year ended December 31, 2023, filed with the SEC, and subsequent filings. Readers should not rely unduly on these statements, which speak only as of their date, and Nikola assumes no obligation to update them, except as required by law.
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