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Nikola Pays Millions for Land for Proposed Factory

Credit: Phoenix Business Journal

By Hayley Ringle for Phoenix Business Journal

Nikola Motor Co. is another step closer to building its 1MSF electric, semi-truck plant in Coolidge.

Nikola, the fledgling Phoenix-based autonomous hydrogen-electric semi-truck startup, paid $23,085,682 on March 4 for the 389-acre property at State Route 87 and Houser Road in Coolidge, according to Walter Unger, a senior associate broker with Phoenix-based Kasten Long Commercial Group.

Nikola CEO Trevor Milton said the startup is excited to break ground in Coolidge for the new factory, which should happen sometime in 2020. The facility is expected to be operational by 2022.

In January 2018, Nikola originally chose Buckeye for its new headquarters and manufacturing plant.

Nikola since has moved its headquarters to Phoenix, where it is building a research and development facility. The company also did an about-face and decided to build its manufacturing facility in Coolidge instead of Buckeye because needed infrastructure was already in place.

Read more at Phoenix Business Journal.

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