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Lucid Wins Nikola Bankruptcy Auction, Buys Nikola Facilities for $30 Million To Boost US EV Production

Summary

Lucid Group, Inc (NASDAQ: LCID) to acquire facilities and assets previously owned by Nikola Corp in Arizona for $30M, not including business or tech. Deal subject to approval. Will offer jobs to over 300 former Nikola employees.

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Article published on April 11, 2025 by benzinga