Stuttgart – Volkswagen and Enel X are teaming up to support electromobility in Italy. The German car manufacturer and the Enel Group’s advanced energy solutions division have signed corresponding agreements to establish a full-function joint venture of equal partners. The joint venture will build and operate a high-power charging network in Italy between 2021 and 2025. Around 3,000 charging points are planned throughout Italy, each providing up to 350 kilowatts. The joint venture will focus on city centres, major commuter routes and main connecting roads outside urban areas. The network will be open to electric vehicles from any manufacturer. The agreement is currently awaiting clearance from the competition authorities as well as official approval under Italy’s “golden power” procedure and approval by the Presidency of the Italian Council of Ministers.
An international CMS team headed by lead partner Dr Maximilian Grub together with Dr Kai Wallisch and Dr Sabina Krispenz advised Volkswagen on all legal aspects of establishing the joint venture. In addition to representing the client, the advice provided included drafting the extensive set of agreements. During the project the Stuttgart team worked closely with CMS Italy and specifically local partners Pietro Cavasola and Matteo Ciminelli.
CMS Germany
Dr Maximilian Grub, Lead Partner, Stuttgart
Dr Kai Wallisch, Partner, Stuttgart
Dr Antje Becker-Boley, Partner, Stuttgart
Dr Sabina Krispenz, Principal Counsel, Stuttgart
Dr Tobias Will, Senior Associate, Stuttgart
Simone Philipp, Senior Associate, Stuttgart, all Corporate/M&A
Dr Axel Funk, Partner, Stuttgart, TMC
CMS Italy
Pietro Cavasola, Partner
Matteo Ciminelli, Partner
Volkswagen AG
Frank Puchta, Senior Counsel
Press Contact
presse@cms-hs.com
