Lucid to acquire the select facilities and assets in Arizona from Nikola.

Lucid, an automotive and technology company, agreed to acquire the select facilities and assets in Arizona from Nikola, a manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. Financial terms were not disclosed. "As we continue our production ramp of Lucid Gravity and prepare for our upcoming midsize platform vehicles, acquiring these assets is an opportunity to strategically expand our manufacturing, warehousing, testing, and development facilities while supporting our local Arizona community. We are delighted to extend employment offers to more than 300 former employees, who bring valuable industry experience, and together with our outstanding teams, will continue powering Lucid's industry-leading innovation," Marc Winterhoff, Lucid Interim CEO.