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GM Launches $2 Billion Strategic Partnership with Electric Vehicle Pioneer Nikola

GM Launches $2 Billion Strategic Partnership with Electric Vehicle Pioneer Nikola 4

Powered by LawFuel – Paul, Weiss is representing General Motors Co. in a strategic partnership with pioneering electric vehicle maker Nikola Corporation.

Under the terms of the agreement, GM will receive a $2 billion equity stake in Nikola in exchange for the in-kind services and access to GM’s ready-for-production Ultium battery technology and multibillion-dollar Hydrotec fuel cell systems needed to build the Nikola Badger, a zero-emission battery-electric and hydrogen-fuel cell-powered electric pickup truck. GM will engineer, validate, manufacture and obtain industry approvals for the vehicle and provide cost reductions for other models.

The Paul, Weiss team includes corporate partners Steven WilliamsScott Barshay and John Kennedy; intellectual property partner Jonathan Ashtor; tax partners Robert Holo and Jeffrey Samuels and counsel Alyssa Wolpin; employee benefits partners Lawrence Witdorchic and Jean McLoughlin; and antitrust counsel Marta Kelly.

Man Accused of Truck Attack on Peaceful Protesters 13

Man Accused of Truck Attack on Peaceful Protesters

Eversheds Sutherland announces two new Global Co-Chairs of its International Arbitration Practice 14

Eversheds Sutherland announces two new Global Co-Chairs of its International Arbitration Practice