Lucid Group's Strategic Expansion in Arizona

In a significant move to bolster its presence in the electric vehicle (EV) sector, Lucid Group, Inc. has announced plans to acquire Nikola Corporation's former facilities in Arizona. This acquisition, pending approval from the US Bankruptcy Court, includes the Coolidge and Phoenix sites, significantly expanding Lucid's operational footprint by over 884,000 square feet.

Employment Opportunities for Former Nikola Employees

As part of this expansion, Lucid is set to create more than 300 new jobs, offering employment to former Nikola employees in various technical and manufacturing roles. This initiative not only strengthens Lucid's workforce but also supports the local economy during a transitional period.

Arizona's EV Industry Receives a Boost

"Today's announcement is fantastic news for Arizona workers and our state's growing EV and battery manufacturing industry," said Arizona Governor Katie Hobbs. This development underscores Arizona's emerging role as a hub for EV innovation and manufacturing, promising significant economic and employment benefits for the state.