Lucid to buy Nikola's Arizona EV facilities after the latter's bankruptcy

Lucid Motors is acquiring certain facilities in Arizona owned by bankrupt EV truck maker Nikola, offering more than 300 former Nikola employees jobs in engineering, software, assembly, vehicle testing, and warehouse support. The purchase includes state-of-the-art manufacturing and warehousing buildings, along with equipment like battery testing chambers and a full-size chassis dynamometer. The $30 million deal is part of Lucid’s expansion plans in Arizona, pending approval from the US Bankruptcy Court, as it prepares to ramp up production of its electric SUV, Gravity, starting with the $94,000 Grand Touring trim.

Full Article