Lucid Motors Set to Acquire Nikola's Electric Truck Manufacturing Facility in Arizona

In a significant move within the electric vehicle industry, Lucid Motors has announced an agreement to acquire Nikola Corporation's electric truck manufacturing plant located in Arizona. This strategic acquisition is poised to enhance Lucid's production capabilities and expand its footprint in the growing electric vehicle market. The transaction marks an important chapter not only for Lucid but also for Nikola, which has faced considerable challenges in recent years.

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