April 24, 2025 2:57 pm
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Lucid wins Nikola bankruptcy auction

Photo via Nikola Facebook

By Paul Thompson | Phoenix Business Journal

Lucid Group Inc. has won a bankruptcy auction for Nikola Corp.’s manufacturing facility in Coolidge.

The Saudi-backed California luxury electric vehicle company, which already produces vehicles at a massive manufacturing facility in Casa Grande, on April 10 agreed to pay $30 million for Nikola’s Coolidge facility, along with the company’s headquarters lease in Phoenix and other assets. The transaction is expected to add more than 884,000 square feet to Lucid’s Arizona real estate footprint.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.