According to a court in the late Thursday night, EV -Start Lucid Motors emerged as a surprise winner at the bankruptcy auction for the Arizona factory and other assets in the electric truck, Nikola, Nikola’s Arizona and other assets. submission.

Lucid committed about $ 30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease at its Phoenix headquarters, and ‘certain machinery, equipment and stock’, according to filing.

As part of the agreement, Lucid plans to make offers to about 300 former Nikola employees, the company told TechCrunch.

The sudden appearance of Lucid in the Nikola banking proceedings is a shock for a variety of reasons.

Nikola has tried to sell his entire business since he applied for bankruptcy protection in February. Lucid is focused on making passengers EVs, and has never dealt with hydrogen-powered electric vehicles, which is a large piece of Nikola’s emerging business.

More recently, Nikola founder Trevor Milton – who was convicted of fraud in 2022 but was forgiven by President Trump in March – judged a bid of his own on the assets of the beginning. Nikola convinced the court to stop Milton from investigating his factory and other assets in person before the auction, held on April 7.

Lucid has his own factory in nearby Casa Grande, Arizona, and it sees according to the company value in acquiring more warehouse, test apparatus and employees.

While Lucid was the best bidder for these assets at the auction, the bankruptcy judge allows objections to the sale on Friday, April 11, until 12:00. A trial is scheduled at 1:30 pm et.