
Lucid Motors Acquires Nikola’s Arizona Facilities for $30M Post-Bankruptcy: A Strategic Expansion for EV Production
On April 13, 2025, Lucid Motors seized a pivotal opportunity by acquiring the Arizona facilities of Nikola, a once-hyped electric vehicle (EV) and hydrogen truck manufacturer, for $30 million following Nikola’s Chapter 11 bankruptcy filing in February. The deal, announced…