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flag Lucid Group acquires Nikola Corp.'s Arizona facilities for $30M, aiming to expand electric vehicle production.

flag Lucid Group, an electric vehicle maker, has agreed to acquire facilities and assets from bankrupt hydrogen truckmaker Nikola Corp. in Arizona. flag The deal, worth around $30 million, does not include Nikola's business, customer base, or hydrogen fuel cell technology. flag Lucid plans to offer jobs to over 300 former Nikola employees. flag The acquisition aims to expand Lucid's production and development capabilities.

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