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Lucid to buy Nikola's Arizona EV facilities after the latter's bankruptcy

Engadget
Summary
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78% Informative

Nikola filed for bankruptcy in February and announced that it was going to sell off its assets.

Lucid Motors is buying the facilities in Arizona owned by Nikola , an EV truck maker.

The deal is valued at $30 million in cash and non-cash considerations.

It will also offer more than 300 former Nikola employees jobs across its facilities.

VR Score

72

Informative language

65

Neutral language

94

Article tone

semi-formal

Language

English

Language complexity

67

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not offensive

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not hateful

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not detected

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short-lived

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