Lucid Motors has introduced that it's buying sure amenities in Arizona owned by Nikola, an EV truck maker that filed for Chapter 11 chapter safety again in February. It can additionally provide greater than 300 former Nikola staff jobs throughout its amenities within the state, together with roles in engineering, software program, meeting, car testing and warehouse help. Lucid says that a lot of the house it's shopping for is comprised of state-of-the-art manufacturing and warehousing buildings. It's additionally getting the gear inside these buildings, similar to Nikola's battery and environmental testing chambers, machining gear and a full-size chassis dynamometer, amongst others.
Nikola, which was based in 2015, used these amenities as its manufacturing unit, headquarters and growth heart for zero-emission heavy vans. When it introduced its chapter in February, the corporate additionally mentioned that it was going to unload its belongings. Lucid didn't say how a lot it's paying for the acquisition, however the deal is valued at $30 million in money and non-cash concerns, based on Electrek. The acquisition is a part of Lucid's deliberate enlargement in Arizona, nevertheless it nonetheless needs to be accepted by the US Chapter Courtroom for the District of Delaware.
"As we proceed our manufacturing ramp of Lucid Gravity and put together for our upcoming midsize platform autos, buying these belongings is a chance to strategically increase our manufacturing, warehousing, testing, and growth amenities whereas supporting our native Arizona group," mentioned Marc Winterhoff, Interim CEO at Lucid. The corporate launched its electrical SUV, Gravity, 2024. For the time being, solely the $94,000 Grand Touring trim is obtainable, however Lucid plans to start out manufacturing for the $79,900 Touring mannequin someday this yr.
This text initially appeared on Engadget at https://www.engadget.com/transportation/lucid-to-buy-nikolas-arizona-ev-facilities-after-the-latters-bankruptcy-123027329.html?src=rss