Based in 2014, Nikola Motor, an electrical truck producer, has confronted vital monetary difficulties and reported losses of round $200 million per quarter. On February 19, 2025, the corporate filed for insolvency, signaling that it had misplaced hope for a turnaround.
Consequently, Nikola is now present process liquidation, with its belongings up for public sale. In mid-April, Lucid, a Californian electrical car producer, acquired Nikola’s former manufacturing facility, headquarters, and growth heart in Arizona for about $30 million in a mix of money and non-cash contributions.
Thrilling objects from Nikola’s stock are actually being auctioned, together with plenty of hydrogen vans. The public sale home Gordon Brothers efficiently secured the autos and different associated belongings in a Delaware chapter court docket just lately.
Gordon Brothers has launched particulars of the public sale, showcasing a brochure of things on the market. The standout choices embrace 103 absolutely operational Nikola Tre FCEV tractor items, every with a steady output of 400 kW and a spread of 800 kilometers. There are additionally 65 full hydrogen gasoline cell stack modules obtainable, together with batteries, tires, axles, steering and brake parts, air compressors, and DC converters.
Moreover, a whole take a look at laboratory for gasoline cells is a part of the public sale. Tools for each stationary and cellular hydrogen refueling stations, in addition to a number of trailers for transporting hydrogen to those stations, can also be on supply. Nikola had begun growing its personal hydrogen manufacturing and a community of refueling stations beneath the Hyla model, however by the top of 2026, solely three of the 60 deliberate refueling stations had been operational.
Gordon Brothers will try and public sale these belongings at a difficult time for the hydrogen market, as reported by TechCrunch. Beneath the Trump administration, hydrogen tasks have confronted vital opposition, regardless of the president having pardoned the founding father of Nikola in April.
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