Nikola Motors declared bankruptcy earlier this year, but the formerly promising automaker’s assets aren’t going to waste. Lucid Motors recently announced that it acquired some of Nikola’s assets, including a factory,

Luxury EV maker Lucid Motors has confirmed the acquisition of certain facilities in Arizona from Nikola Motors, following the latter's bankruptcy. The transaction notably includes the Coolidge factory and Nikola's headquarters in Phoenix, two key infrastructures located in close proximity to Lucid's own factory in Casa Grande.