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Lucid Motors wins bankruptcy auction for Nikola’s Arizona factory and other assets

TechCrunch LogoTechCrunch5d ago

Lucid Motors wins bankruptcy auction for Nikola’s Arizona factory and other assets - TechCrunch

Quick Summary:

EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing.

Nikola had been trying to sell its whole business since it filed for bankruptcy protection in February.

Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk.

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Article Details

Author / Journalist: Sean O'Kane

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 03:06:15 (5 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27782840

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Official Website: techcrunch.com

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News Last Updated: 9 hours ago

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  • URL: https://chronographically.beamstart.com/news/lucid-motors-wins-bankruptcy-auction-1744344557270

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