Nikola’s hydrogen vehicles are formally up for public sale, one of many firm’s final large 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 listing and a brochure detailing every little thing on the market.
The public sale home says it has round $114 million price of hydrogen vehicles, uncooked materials, and sub-assemblies. That features 103 completed hydrogen gasoline cell-powered vehicles, together with spare batteries, tires, and different elements. Gordon Brothers can also be auctioning off Nikola’s hydrogen storage, refueling, and testing gear, a few of which remains to be model new.
The hydrogen belongings are hitting the market just a little 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 convey round 300 Nikola staff on board as a part of that transaction, in change 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 gasoline supply has struggled to turn into a viable possibility. The know-how additionally faces contemporary headwinds. Home Republicans are working to roll back financial support for hydrogen energy signed into regulation by former President Biden, as half of a bigger try and dismantle his whole local weather agenda.