Lucid wins bankruptcy auction to acquire Nikola’s Arizona factory and other assets

Lucid Air Electric Car

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Electric vehicle maker Lucid Group (NASDAQ:LCID) has won a bid to acquire select facilities and assets in Arizona previously belonging to now-bankrupt electric trucking company Nikola (OTC:NKLAQ).

According to the court filing, Lucid committed around $30 million in cash and non-cash considerations

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