PHOENIX, April 14,
2022 /PRNewswire/ -- Nikola
Corporation (Nasdaq: NKLA), a global leader in zero-emissions
transportation and energy infrastructure solutions, today announced
that Sophia Jin will be completing
her three-year term on Nikola's Board of Directors and will be
retiring from the Board after this year's annual meeting in June.
Jin has been a valued member, serving on the Board's audit
committee during that time.
Jin is currently senior director of venture investments of
Hanwha Holdings, a stage-agnostic investor representing Hanwha
Corporation, since January 2019, and
was director of venture investment of Hanwha Holdings from
January 2018 to December 2018.
"I am grateful for my opportunity to serve on the Nikola Board
and am proud of what has been accomplished during that time. I
remain confident in Nikola's future and am excited to see the
company execute on its groundbreaking business plan," Jin
shared.
Jin's departure does not affect the ongoing strategic
relationship between Nikola and Hanwha as both continue to have
mutual confidence in the vision to move a zero-emissions future
forward.
"On behalf of the Board, I want to thank Sophia for her
commitment and support to advance Nikola's vision forward over
these past three years," said Nikola Chairman of the Board Stephen
Girsky.
Nikola does not intend to replace Jin's position, and will
decrease the size of its board from ten to nine.
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 STATEMENT
Certain statements included in this press release that are not
historical facts are forward-looking statements. 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
relationship between Nikola and Hanwha and Nikola's strategic
mission. These statements are based on various assumptions, whether
or not identified in this press release, and on the current
expectations of Nikola's management. We cannot assure you that
forward looking statements will be achieved and forward-looking
statements are not predictions of actual performance.
Forward-looking statements are subject to 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, challenges and delays; economic,
financial, legal, supply chain, regulatory, political and business
conditions and changes in domestic and foreign markets; the
potential effects of COVID-19; the potential effects on global
markets from the war in Ukraine;
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, including delivery of
trucks for sale; 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-K for the year ended December 30, 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