Lucid to acquire select Arizona-based Nikola facilities and assets


FILE PHOTO: A Lucid Motors facility is pictured in Costa Mesa, California, U.S.,November 1, 2023. REUTERS/Mike Blake/File photo

(Reuters) - California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp.

The transaction does not include the acquisition of Nikola's business, customer base, or technology related to Nikola's hydrogen fuel cell electric trucks, the electric vehicle maker said in a statement.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Cloudflare restores services after minor dashboard outage
Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion
X hit with $140 million EU fine for breaching content rules, TikTok settles
AI bubble to be short-lived, rebound stronger, NTT DATA chief says
SoftBank's Arm plans to set up chip training facility in South Korea
France seeks three-month suspension of Shein website in court hearing
One Tech Tip: Up your Christmas shopping game with AI tools
SoftBank's Arm plans to set up chip training facility in South Korea
Exclusive-India weighs greater phone-location surveillance; Apple, Google and Samsung protest
AI industry not in a bubble, but stocks could see correction, SK chief says

Others Also Read