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Legal Perspective on Automotive Industry News January 2023

Global sales of fully electric vehicles reached approximately 7.8 million units in 2022. Bosch plans to invest approximately $1 billion in a new R and D. Department of Energy awarded $42 million for 12 projects to further evelopment of advanced electric vehicle batteries.
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Shell USA to acquire Volta in $169M all-cash transaction

Volta Inc. executed a definitive merger agreement under which Shell USA Inc., a subsidiary of Shell plc, will acquire Volta in an all-cash transaction valued at approximately $169 million. The transaction brings Voltaโ€™s dual charging and media network to Shellโ€™s established brand and seeks to unlock robust, long-term growth opportunities...
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