Lucid to Buy Nikola Facilities to Expand Footprint in Arizona

Lucid Group, Inc. (LCID) , a U.S.-based EV manufacturer, has agreed to acquire several Arizona-based facilities previously owned by Nikola, an electric truck manufacturer that filed for Chapter 11 bankruptcy protection in February. Lucid also intends to hire more than 300 former Nikola employees for roles in engineering, software, vehicle assembly, testing and warehouse operations across its Arizona locations. This acquisition follows Nikola’s bankruptcy auction, which concluded on April 10, 2025. Lucid wil ...