EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola's Arizona factory and other

Lucid Group, Inc (NASDAQ:LCID) announced Friday that it has agreed to acquire select facilities and assets in Arizona previously belonging to Nikola Corp (OTC:NKLAQ) in the bankruptcy auction. Lucid committed close to $30 million in cash and non-cash considerations in exchange for the factory,

In a deal linking two Arizona manufacturers of electric vehicles, Lucid plans to acquire former assets of Nikola and extend offers to 300 workers.