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

EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery, equipment […] from TechCrunch https://ift.tt/2RN4kEZ