Back to today’s briefing

Story perspectives

Lucid Group to Acquire Nikola's Arizona Facilities, Create 300 Jobs

4/12/2025

38 6

Summary

Story summary

Lucid Group, Inc. is set to acquire Nikola Corporation's Arizona facilities for nearly $30 million, pending court approval. This strategic move will expand their manufacturing space by over 884,000 square feet and create more than 300 jobs, bolstering local employment and fueling growth in the electric vehicle industry.

1 of 1

Story summary

Lucid Group, Inc. is set to acquire Nikola Corporation's Arizona facilities for nearly $30 million, pending court approval. This strategic move will expand their manufacturing space by over 884,000 square feet and create more than 300 jobs, bolstering local employment and fueling growth in the electric vehicle industry.