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Lucid Motors Acquires Nikola's Arizona Factory
Luxury EV maker Lucid Motors has confirmed the acquisition of certain facilities in Arizona from Nikola Motors, following the latter's bankruptcy. The transaction notably includes the Coolidge factory and Nikola's headquarters in Phoenix, two key infrastructures located in close proximity to Lucid's own factory in Casa Grande.
Lucid to Acquire Nikola Facilities, Assets
Lucid Group, Inc. announced that it reached an agreement to acquire select facilities and assets in Arizona previously owned by heavy-duty commercial electric vehicle maker Nikola Corporation. Lucid also plans to offer employment to more than 300 former Nikola employees in roles across Lucid's Arizona sites.
Lucid poised to acquire Nikola's Coolidge factory
A competitor in the electric vehicle market has swooped in at auction to purchase some of Nikola's key assets in Arizona, including its Coolidge manufacturing facility. Join the Phoenix Business Journal for the second of four economic development events in 2025 featuring high-profile industry panelists, this time focused on the city of Phoenix.
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