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Nikola’s hydrogen trucks hit the auction block

  • Nikola's hydrogen trucks are up for auction in one of the company's final steps in selling off assets after filing for bankruptcy in February.
  • Auction house Gordon Brothers purchased the hydrogen trucking assets from Nikola and listed around $114 million worth of assets, including finished hydrogen trucks and related equipment.
  • These assets are being auctioned a month after EV startup Lucid Motors acquired Nikola's manufacturing facility and headquarters in Arizona.
  • The auction of Nikola's hydrogen trucks and assets comes at a time when hydrogen technology faces challenges due to fading financial support for hydrogen power by House Republicans.

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