Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG  COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  
 EUROPEAN COMMISSION  
Brussels, 28.9.2022  
C(2022 ) 7026 final  
PUBLIC VERSION  
Geely Automobile Holdings Ltd.  
6th Floor Geely Building, 1760 
Jiangling Road  
Binjiang District, Hangzhou, Zhejiang  
People’ s Republic of China  
 
Renault SAS  
40 Avenue Pierre Lefaucheux  
92100 Boulogne -Billancourt  
France  
Subject : Case M. 10872  – GEELY  / RENAULT / RENAULT KOREA MOTORS  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 5 September 2022 , the European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger Regulation , by which the 
undertakings Geely Automobile Holdings Limited (“Geely”, Cayman Islands), a 
subsidiary of Zhejiang Geely Holding Group Co., Ltd. (PR China), and Renault S.A.S. 
(“Renault”, France), a su bsidiary of Renault S.A. (France), will acquire within the 
meaning of Article 3(1)(b)  and 3(4)  of the Merger Regulation joint control over the 
whole of the undertaking Renault Kor ea Motors Co., Ltd. (“Target”, South Korea) by 
way of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 Geely manufactures and sells passenger cars worldwide , 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect  from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 351, 14.9.2022 , p. 4. 

 
2  Renault manufactures and sells passenger cars and light commercial vehicles, 
supplies automotive parts and provides mobility ser vices . 
3. The Target is active in the manufacture and sales of passenger cars in South Korea 
and in the export of passenger cars  into adjacent markets in Asia.   
4. After examination of the notification, the European Commission has concluded that 
the notified ope ration falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
5. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -Genera l 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .