Nikola’s hydrogen vehicles are formally up for public sale, one of many firm’s final massive steps in unloading all of its belongings after submitting for chapter in February.
Public sale home Gordon Brothers reached an settlement with Nikola in Delaware chapter courtroom to buy the hydrogen trucking belongings late final week. Over the weekend, Gordon Brothers revealed the itemizing and a brochure detailing every thing on the market.
The public sale home says it has round $114 million value of hydrogen vehicles, uncooked materials, and sub-assemblies. That features 103 completed hydrogen gas cell-powered vehicles, together with spare batteries, tires, and different elements. Gordon Brothers can be auctioning off Nikola’s hydrogen storage, refueling, and testing tools, a few of which continues to be model new.
The hydrogen belongings are hitting the market somewhat greater than a month after EV startup Lucid Motors emerged because the shock purchaser of Nikola’s Arizona manufacturing facility and headquarters. Lucid additionally agreed to deliver round 300 Nikola staff on board as a part of that transaction, in alternate for roughly $30 million in money and non-cash issues.
Gordon Brothers will now look to public sale these belongings at a time when hydrogen as a gas supply has struggled to turn out to be a viable choice. The know-how additionally faces recent headwinds. Home Republicans are working to roll again monetary assist for hydrogen energy signed into regulation by former President Biden, as half of a bigger try and dismantle his whole local weather agenda.
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