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Nikola's hydrogen trucks hit the auction block

  • Nikola Corporation filed for bankruptcy in February 2025 and is auctioning its hydrogen trucking assets through Gordon Brothers across multiple locations in North America.
  • The bankruptcy followed years of financial difficulties and unfulfilled promises amid slow market adoption and challenges in hydrogen fuel technology for heavy trucks.
  • The auction includes 103 fully operational hydrogen fuel cell trucks, spare parts, storage, refueling, and testing equipment valued at around $114 million.
  • Gordon Brothers finalized a deal in Delaware bankruptcy court to manage the sale of Nikola’s hydrogen-related assets, while Lucid Motors recently bought Nikola’s manufacturing plant in Arizona along with approximately 300 employees for about $30 million.
  • The asset sale marks one of Nikola’s final liquidation steps amid ongoing political debates over federal support for hydrogen power, which has struggled to gain viability in transportation.
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TechCrunch broke the news in United States on Monday, May 19, 2025.
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