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  "documentTitle": "Nikola | SPAC Presentation Deck | 39 slides",
  "authorId": "nikola",
  "authorName": "Nikola",
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  "presentationDate": "2020-03-01 00:00:00",
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      "kind": "callout",
      "text": "Partnership with CNHI Iveco significantly de-risks North America production execution and accelerates penetration of attractive European market",
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      "text": "WHO IS CNHI IVECO? One of World's Leading Capital Good Companies with Annual Revenue of $30B+. CNHI's Iveco business is a leading truck, bus, and light commercial vehicle manufacturer in Europe, South America, and Asia with 175,000+ annual unit volume.",
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      "text": "INVESTMENT SUMMARY. CNHI Iveco's invested $250M in Nikola as Part of Series D Round. $100M cash investment. $150M investment in form of in-kind services related to North America engineering and production.",
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      "text": "KEY BENEFITS. Production alliance significantly de-risks truck manufacturing execution. Global license to the S-Way platform. Ability to leverage existing parts bin. Access to engineering support. Enables Nikola to enter European market.",
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      "text": "PARTNERSHIP AND JV. North America Engineering and Production Alliance (100% of N.A. Business Retained by Nikola). Significantly de-risks Nikola operational execution. Europe Joint Venture (50/50 Split).",
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      "text": "CNHI delivered 175,900 vehicles in 2018; includes trucks, buses, light commercial, and specialty vehicles",
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      "kind": "title",
      "text": "...ANCHORED BY LANDMARK PARTNERSHIP WITH CNHI IVECO",
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