Luxury electric vehicle company Lucid Group, Inc. announced on Friday that it has reached an agreement to acquire “select facilities and assets” in Arizona that previously belonged to Nikola Corporation,

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

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