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.

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