skip to main content

Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

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

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 Williams, Scott 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.

September 8, 2020

© 2020 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy