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,  20.7.2022  
C(2022 ) 5357 final   
PUBLIC VERSION  
Hartree Partners Singapore Pte. 
Limited  
501 Orchard Road, #20 -02 
Wheellock Place, 238880 Singapore  
Singapore  
Contemporary Amperex Technology  
Co. Ltd.  
Xingang Road  
Zhangwan, Jiaocheng, Ningde City 
Fujian Province,  352100  
China  
 
Cathay Fortune Corporation  
Room A, Unit 01 -03, 30th Floor,   
No. 88, Century Avenue  
Shanghai Free Trade Zone, 200120 
China  
Subject : Case M. 10742 - HARTREE / CATL / CFC / JV  
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 28 June 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Hartree Partners Singapore Pte. Limited  (“Hartree”, Singapore , a 
wholly -owned subsidiary of Hartree Partners, LP, ultimately controlled by Brookfield 
(Ontario, Canada) and Oaktree  (California, U.S.) ), Contemporary Ampe rex 
Technology Co. Ltd.  (“CATL”, PR China),  and Cathay Fortune  Corporation  (“CFC”, 
PR China)  will acquire  within the meaning of Article 3(1)(b) and 3(4) of the Merger 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 Decem ber 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 ’). 

2 Regulation  joint control of a newly created joint venture  by way of purchase of 
shares .3 
2. The business activities of the undertakings concerned  are the following : 
 Hartree is a  global merchant commodities  firm specializing in energy, 
commodities and financial markets, including energy, metals,  renewable energy, 
and securities , 
 CATL is active in batteries manufacturing  with a  focus on developing, producing 
and marketing large  sized  re-chargeable power lithium -ion batteries used for 
vehicles and  energy  storage systems,  
 CFC is  an equity investment firm investing mainly in minerals, new energy and 
new materials worldwide . 
3. The Joint Venture will be  active in the development and operati on of energy storage 
power  stations in countries such as Australia, China, India, Japan, the United 
Kingdom, the United  States and in the European Union. The initial co untries in which 
the Joint Venture plans to  develop projects include Australia, India, Japan and the 
United Kingdom .  
4. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger Regulation  and of 
paragraph 5 (c) 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 application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agre ement . 
For the Commission  
 
 
(Signed ) 
Olivier GUERSENT  
Director -General  
                                                 
3  Publication in the Official Journal of the European Union No C 262, 7.7.2022 , p. 17. 
4  OJ C 366, 14.12.2013, p. 5 .