Lucid to Acquire Select Facilities & Assets Previously Belonging to Nikola Corp.

US EV manufacturer, Lucid Group, Inc., has reached an agreement to acquire select facilities and assets in Arizona previously belonging to Nikola Corporation, subject to approval by the U.S. Bankruptcy Court for the District of Delaware. The transaction does not include the acquisition of Nikola's business, customer base, or technology related to Nikola's hydrogen fuel cell electric trucks.

Additionally, Lucid plans to offer employment to more than 300 former Nikola employees in roles across Lucid's Arizona facilities. .

As part of the agreement, Lucid will take over Nikola's former Coolidge manufacturing facility, as well as the Phoenix facility previously used as Nikola's headquarters and product development center.

These buildings collectively add more than 884,000 square feet to Lucid's Arizona footprint. 

Lucid's agreement to acquire the aforementioned assets follows Nikola's bankruptcy auction which concluded on April 10, 2025, as part of its filing for Chapter 11 bankruptcy relief.

Marc Winterhoff, Interim CEO at Lucid, says: "As we continue our production ramp of Lucid Gravity and prepare for our upcoming midsize platform vehicles, acquiring these assets is an opportunity to strategically expand our manufacturing, warehousing, testing, and development facilities while supporting our local Arizona community. We are delighted to extend employment offers to more than 300 former employees, who bring valuable industry experience, and together with our outstanding teams, will continue powering Lucid's industry-leading innovation."

Lucid assembles its vehicles in its state-of-the-art, vertically integrated factory in Arizona.