Electrical truck maker Nikola is liquidating the belongings of battery maker Romeo Energy, which it acquired final August for about $144 million. Nikola, which additionally sources batteries from LG Power Answer and Proterra, hoped that bringing battery manufacturing in-house would allow operational enchancment and value 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 below the California Project for the Good thing about Collectors (ABC) statutory scheme,” an organization spokesperson stated.

Nikola is now liquidating Romeo’s belongings, and numerous 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. companies can see the small print on Tiger’s website online, and should place their bids earlier than July 13.

Right here’s a partial listing of the goodies which might be on provide:

Over $16 million price of stock, together with:

• Batteries for Automobiles, Bikes & Business EVs,
• Over 200,000 Samsung Battery Cells
• {Hardware}, Wiring Harnesses, Chilly Plates, Enclosures, Junction Containers, Connectors, Transformers, Resistors and extra

Battery meeting tools:

• Robotic Sealant Dishing 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