Lucid Motors wins the bankruptcy auction for Arizona Factory in Nicolas and other assets

EV Startup Lucid Motors has emerged as a sudden bankruptcy winner of the Nicola Electric Transport Company in Arizona, a factory and other assets presentation.

Lucid committed about $ 30 million in cash and cash considerations against the factory, and the leadership of Nikola at its headquarters in Phoenix, and “some machines, equipment and stock”, according to the submission of the deposit.

As part of the deal, Lucid plans to present offers to about 300 former employees in Nicolas, the company told Techcrunch.

The sudden appearance of Lucid in Nicola’s bankruptcy procedures is a shock for multiple reasons.

Nicola was trying to sell it Full work Since it is presented to protect bankruptcy in February. Lucid focuses on making EVS for passengers, and has never dealt with hydrogen -powered electric cars, which is a large part of Nicolas emerging.

Recently, the founder of Nicolas Trevor Milton – who was convicted of fraud in 2022, but was pardon By President Trump in March – was Evaluation of its own display on the startup assets. Nicolas persuaded the court to prevent Milton from examining its factory and other personal assets before the auction, which was held on April 7.

Lucid has its own factory in the nearby Casa Grande, Arizona, and thus sees a value in obtaining more warehouse spaces, test equipment and employees, according to the company.

While Lucid was the highest bidder of these assets at the auction, the bankruptcy judge allows to make objections to the sale until 12:00 pm East on Friday, April 11. The hearing is scheduled at 1:30 pm Each time.