US EditionLucid 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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As Tesla EV Sales Dip, Lucid Tightens Grip
The California startup Lucid Motors aims to boost its EV sales footprint with a newly expanded footprint for its operations in Arizona, along with a second factory in Saudi Arabia. The post As Tesla EV Sales Dip, Lucid Looks To Expand And Tesla Enters Saudi Arabia appeared first on CleanTechnica.
Lucid to acquire Nikola assets, offer jobs to 300 employees
CASA GRANDE — Lucid Motors announced on Friday that it had reached an agreement to acquire select facilities and assets of Nikola Corporation, which filed for Chapter 11 bankruptcy protection in February, including the manufacturing plant in Coolidge.
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