Lucid Motors wins bankruptcy auction for Nikola’s Arizona factory and other assets

On Thursday night the court reported to the court FilingThe

According to the filing, the Lucid factory is committed to the factory for about $ 1 million in cash and cash consideration, lease at Nicola Phoenix headquarters and “specific machinery, equipment and list”.

As part of the agreement, Lucid plans to offer about 300 former Nicola workers, the company has informed TechCrunch.

Lucid’s sudden presence in Nicola bankruptcy is a push for multiple reasons.

Nicola was trying to sell it The whole business Since it has filed in February for bankruptcy protection. Lucid passenger focuses on the creation of EV and never behaves with hydrogen -powered electric vehicles, which is a large part of Nicola’s newborn business.

Recently, Nicola founder Trevor Milton – who was convicted of fraud in 2022, but he was Pardon In March was by President Trump – To evaluate a bid of his own in the assets of startupThe Nicola persuaded the court to prevent Milton from visiting his factory and other assets before the auction, which April was held in April.

At Casa Grand, near Lucid, Arizona has its own factory, and so according to the company it shows the price of more warehouses, testing tools and employees.

Lucid was the top bidder for the assets at the auction, the bankruptcy judge was allowing the sales objection to file the objection on Friday, April 8 at 12:30 pm.