The startup EV Lucid Motors became a surprise winner during the bankruptcy auction for the Nikola’s Arizona Factory electric truck and other active. deposit.
Lucid has hired around $ 30 million in cash and cash considerations in exchange for the factory, Nikola’s lease on its headquarters in Phoenix and “certain machines, equipment and inventories”, according to the file.
As part of the agreement, Lucid plans to make offers at around 300 former Nikola employees, the company told Techcrunch.
Lucid’s sudden appearance in Nikola’s bankruptcy procedure is a shock for several reasons.
Nikola has been trying to sell all of her activities since she filed a bankruptcy in February. Lucid focuses on the manufacture of electric passenger vehicles and has never treated electric hydrogen vehicles, which is a large piece of the nascent company of Nikola.
More recently, the founder of Nikola, Trevor Milton – who was found guilty of fraud in 2022, but was forgiven by President Trump in March – evaluated an offer of himself on the assets of the startup. Nikola convinced the court to prevent Milton from inspecting his factory and other assets in person before the auction, which was held on April 7.
Lucid has its own factory in Casa Grande, Arizona, and therefore sees the acquisition of more storage space, test equipment and employees, depending on the company.
While Lucid was the most tenderer of these assets during the auction, the bankruptcy judge authorized the deposit of objections to the sale until 12 noon on Friday, April 11. A hearing is scheduled for 1:30 p.m. HE.
