According to the court late on Thursday night, EV startup lucid motors have emerged as a surprising winner in the bankrupt auction for Erizona Factory and other assets of Electric Trucking Company Nicola. Admission,
Lucid considered about 30 million dollars of cash and non-cost in exchange for the factory, lease of Nikola at its Phoenix headquarters, and “some machinery, equipment and inventory,” according to the filing.
As part of the deal, Lucid is planning to propose about 300 former Nicola employees, the company told Techcrunch.
The sudden presence of lucid in Nikola insolvency proceedings is a shock for several reasons.
Nicola was trying to sell it Complete business Since it was filed for insolvency conservation in February. The lousid traveler focuses on creating EVS, and is never dealt with hydrogen-operated electric vehicles, which is a large piece of Nicola’s newborn business.
Recently, Nicola founder Trevor Milton – who was convicted of fraud in 2022, but was Forgiveness In March by President Trump – was Evaluation of your own dialect on startup propertyNicola convinced Milton to block Milton from inspecting his factory and other assets before the auction, which was held on 7 April.
Lucid has its own factory in nearby Casa Grande, Arizona, and so it looks at the value of more warehousing space, test equipment and employees according to the company.
While the top bidding for these assets at the lousid auction was allowing objections for the sale to be filed on Friday, April 11 at 12:00 pm. A hearing for ET is scheduled at 1:30 pm.
