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Stuttgart/Shanghai, 5 February 2018: Rödl & Partner advised the Chinese company Sichuan Chengfei Integration Technology Co., Ltd. (CITC) in cooperation with ElringKlinger AG in the field of battery technology. A framework agreement covering the terms of the joint venture was signed by the partner companies. The agreement initially runs for a period of ten years up to December 31, 2027. The framework agreement stipulates the establishment of a joint venture entity for the development, production, and distribution of lithium-ion battery modules for the global automotive market. In this context, the focus is on international e-mobility projects in Asia, Europe, and the United States.
In this project, CITC received comprehensive legal advice from a team of Rödl & Partner specialists for China outbound transactions. Under the leadership of Associate Partner Jiawei Wang, Rödl & Partner accompanied CITC in the complete drafting of the framework agreement.
The joint venture brings together complementary operations of the two parties to the contract: while CITC is responsible, via its subsidiary China Aviation Lithium Battery Co., Ltd. (CALB), for the electrochemical constituents of the cell, ElringKlinger will be contributing the remaining components of the module, such as highly innovative cell contact systems and cell housings. Furthermore, ElringKlinger will oversee the areas of battery module design and production. In addition to gaining mutual access to resources, the two joint venture partners will benefit from each other's expertise and the many years of experience amassed by both companies in various sub-disciplines of battery technology. The aim of this collaborative approach in the field of battery technology is to evolve business activities in pursuit of a sustained improvement in market penetration.
Jiawei Wang, LL.M., Registered Foreign Lawyer (China), Associate Partner, Head of China Desk (Project lead, Corporate, Joint Venture, China Outbound Investment)
Christian Speckert, Lawyer, Associate Partner (Corporate, Joint Venture)
Yijue Kuang, Registered Foreign Lawyer (China), Senior Associate (Corporate, China Outbound Investment)
Dr. Yanlin Xiang, Lawyer, Senior Associate (Joint Venture)
Yuan Zhang, Associate (Corporate)
Chao Du, Associate (Corporate)
Meina Ju, General Counsel
Guanghui Wu, Inhouse Counsel
Jiawei Wang, LL.M.
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