WASHINGTON, D.C., October 1, 2026 – Corvane Ryle LLP today announced that it advised Ashgrove Motors, a global automaker, on the formation of a joint venture to develop and manufacture batteries for electric vehicles. The venture will build a new battery cell and pack plant in the United States and will supply Ashgrove's electric vehicle lineup, as well as selected third-party customers.

The joint venture brings together Ashgrove's vehicle engineering and manufacturing capabilities with a partner's advanced cell chemistry and production know-how. The parties expect to begin construction in 2027, with production starting later in the decade, and the project is expected to benefit from federal and state incentives for domestic battery manufacturing.

The Corvane Ryle team was led by Miriam Okafor-Lindqvist, a New York M&A partner, who advised on the structure and governance of the venture. Hiroshi Kanemoto, an M&A partner in Singapore, advised on the supply and technology arrangements with the Asian joint venture partner. Priya Raghunathan, a partner in London, and Julian Okonkwo-Hart, a partner in Washington, D.C., advised on merger control, foreign investment review and trade compliance issues.

The team also included lawyers from the firm's Energy & Infrastructure, Tax and Intellectual Property groups across New York, Washington, D.C., London and Singapore, including on the licensing of cell technology, the plant site and the availability of federal manufacturing tax credits.

"Battery supply is central to the economics of electric vehicles, and a joint venture of this kind has to align the commercial interests of the partners over many years," said Miriam Okafor-Lindqvist. "Ashgrove was clear about its priorities, and that made it possible to settle a durable structure."

Corvane Ryle advises automakers, suppliers and investors on the transition to electric and connected vehicles.

About Corvane Ryle LLP: Founded in Chicago in 1958, Corvane Ryle LLP has approximately 2,400 lawyers in 26 offices across 14 countries. The firm advises on transactions, regulatory matters and disputes for clients in technology, consumer, healthcare and energy transition. Counsel for what comes next.