Electrical truck maker Nikola is liquidating the property of battery maker Romeo Energy, which it acquired last August for about $144 million. Nikola, which additionally sources batteries from LG Power Resolution and Proterra, hoped that bringing battery manufacturing in-house would allow operational enchancment and price reductions.
For no matter causes, it doesn’t appear to have labored out. “Nikola is discontinuing its operations with Romeo Energy and has commenced a continuing underneath the California Task for the Good thing about Collectors (ABC) statutory scheme,” an organization spokesperson mentioned.
Nikola is now liquidating Romeo’s property, and lots of precious battery meeting tools and different gear is on the public sale block.
Public sale agency Tiger is dealing with the sale, which can happen in Cypress, California and on-line. Interested firms can see the details on Tiger’s web site, and should place their bids earlier than July 13.
Right here’s a partial record of the goodies which are on provide:
Over $16 million value of stock, together with:
- Batteries for Autos, Bikes & Industrial EVs,
- Over 200,000 Samsung Battery Cells
- {Hardware}, Wiring Harnesses, Chilly Plates, Enclosures, Junction Packing containers, Connectors, Transformers, Resistors and extra
Battery meeting tools:
- Robotic Sealant Shelling out Cell w/ Fanuc M-10iD Robotic & Nordson Sealant Dispenser
- 2021 Pia Automation Robotic Choose & Place Cell w/ (2) Fanuc LR Mate 200iD Robots
- Fanuc M-10iA 12 Choose & Place Robotic
- 2021 Pia Automation 12538-LW2 Welding System
- Endisys Potting/Adhesive Machine
- Bdtronic Prime Cell Adhesive Dispenser
- Meeting Workstations and extra






Supply: Tiger