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Lucid Motors looks to buy Nikola's Arizona facilities and hire 300 employees

Lucid Group will acquire select assets from Nikola Corporation after Nikola's bankruptcy auction concluded on April 10, 2025.
Nikola, an electric trucking company, filed for bankruptcy in February after struggling to sell its whole business, which led to the auction.
Lucid's acquisition includes Nikola's Arizona factory, Phoenix headquarters lease, machinery, equipment, and inventory to expand operations.
Lucid committed around $30 million and Interim CEO Marc Winterhoff stated, "Acquiring these assets is an opportunity to strategically expand."
Lucid plans to offer jobs to over 300 former Nikola employees, supporting the local Arizona community and its manufacturing expansion.

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Fox 10 Phoenix

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Lucid Motors says they will buy AZ Nikola facilities

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Clean Technica

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pinalcentral.com

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Transport Topics

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