Lucid, maker of luxury EVs such as the sleek and fast Air sedan and the upcoming Gravity SUV, has entered an agreement to acquire select facilities and assets in Arizona from Nikola Corporation – a disgraced EV company poised to produce trucks that are rivals to the Tesla Semi. Aligned with the company’s plans for aggressive manufacturing expansion, the deal is still subject to approval by the US Bankruptcy Court for the District of Delaware – though notably, it doesn’t include Nikola’s business operations, customer base, and hydrogen fuel cell technology.
