Lucid Group's Strategic Expansion in Arizona

In a significant move to bolster its manufacturing capabilities, Lucid Group, Inc. has announced plans to acquire Nikola Corporation's former facilities in Arizona. This acquisition, pending approval from the US Bankruptcy Court, encompasses the Coolidge and Phoenix sites, thereby 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 offer employment to more than 300 former Nikola employees, filling various technical and manufacturing roles. This initiative not only strengthens Lucid's workforce but also supports the local economy and the burgeoning electric vehicle (EV) industry in Arizona.

Arizona's EV Industry Receives a Boost

Arizona Governor Katie Hobbs hailed the announcement as a positive development for the state's workers and its rapidly growing EV and battery manufacturing sector. "Today's announcement is fantastic news for Arizona workers and our state's growing EV and battery manufacturing industry," Governor Hobbs stated.