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,

Electric vehicle maker Lucid Group (NASDAQ:LCID) has won a bid to acquire select facilities and assets in Arizona previously belonging to now-bankrupt electric trucking company Nikola (OTC:NKLAQ). According to the court filing,

California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp.The transaction does not include the acquisition of Nikola's business,