Lucid to buy Nikola’s facilities in Arizona after the bankruptcy of the last
Lucid Motors has announced that it is acquisition of certain facilities in Arizona, owned by Nikola, a truck manufacturer EV who filed for bankruptcy on Chapter 11 Protection in February. It will also offer more than 300 former jobs to Nikola employees in its facilities in the state, including roles in engineering, software, installation, vehicle testing and warehouse maintenance. Lucid says the majority of the space it buys consists of the latest buildings for production and storage. It also receives the equipment inside these buildings, such as Nikola’s battery test cameras and environmental tests, processing equipment and a full -size chassis dynamometer.
Nikola, which was founded in 2015, uses these facilities as its factory, central and center for the development of heavy zero -emissions trucks. When it announced its bankruptcy in February, the company also said it would sell its assets. Lucid did not say how much he pays for the purchase, but the deal is estimated at $ 30 million in cash and non -monetary reasons according to ElecrektrekS The acquisition is part of the planned expansion of Lucid in Arizona, but it must still be approved by the US bankruptcy court for Delaware County.
"While we continue our production ramp on Gravity And to prepare for our forthcoming medium -sized vehicles, the acquisition of these assets is an opportunity to strategically expand our production, storage, testing and development, while supporting our local community in Arizona," Mark Winterhof said, Lucid’s temporary CEO. The company launches its Electric SUV, Gravity, 2024. There is currently only $ 94,000 Grand Touring Trim, but Lucid plans to start production for a $ 79,900 tour sometime this year.
This article originally appeared on Engadget at https://www.engadget.com/transportation/lucid-to-uy-nikolas-arizona-ev- Facilities-afer-the-lathrs-bankrutcy -23027329.htm
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