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Energy use in the commercial and personal transportation sector is rapidly changing with the development hybrid, plug-in and fuel cell electric vehicle technologies and energy storage systems. Companies, governments and other institutions that are driving this transformation encounter a complex web of national and international legal and policy issues that require expert and integrated solutions. Covington has extensive experience advising clients in this sector across a wide spectrum of intellectual property, venture capital, capital markets, tax, export control, government contracting, trade, and energy regulatory issues in key markets across the globe. Covington lawyers also are active in trade and industry associations that promote this transformation, including serving on the Transportation Advisory Committee of ACORE.
Representative Matters
- Wanxiang America on CFIUS approval of its acquisition of A123 Systems.
- Smith Electric Vehicles, the leading manufacturer of commercial electric vehicles in:
- venture capital funding;
- international joint ventures; and
- its efforts to complete an IPO.
- HaloIPT, a developer of wireless inductive charging for electric vehicles, in its sale to Qualcomm.
- Drayson Racing Technologies, a leading developer of electric racing vehicles, in connection with:
- technology license agreements; and
- its participation in the FIA’s proposed global Formula E Championship for electric racing cars.
- UBS Securities in a private placement for an electric automobile company.
- Ovonic Battery Company in:
- intellectual property and litigation matters pertaining to Cobasys, a joint venture with Chevron to develop, license, and manufacture NiMH batteries for transportation and stationary storage applications;
- battery development and supply agreements with automotive manufacturers;
- battery technology license agreements with consumer battery manufacturers; and
- the sale of Cobasys to SB-Limotive, a joint venture between Samsung and Bosch.
- A Fortune 100, Tier 1 automotive supplier in seeking funding from the Department of Energy under its Advanced Vehicle Loan Program.
- A firm specializing in vehicle weight reduction in structuring consulting and technology licensing arrangements with major automotive and military vehicle companies.
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