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, 29.10.2018  
C(2018 ) 7327 final  
 
 
To the notifying parties  
 
Subject : Case M. 9075  – Continental / CITC/ JHTD / 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 3 October 2018 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Continental 
Automotive Holding Co., Ltd  ("Continental Automotive", China), belonging to 
Continental AG (Germany), Sichuan Chengfei Integration Technology Corp., Ltd  ("CITC", 
China), belonging to Aviation Industry Corporation of China  (China) and Jiangsu Jintan 
Hualuogeng Technol ogy Development Ltd  ("JHTD", China)  controlled by Changzhou 
Investment Holding Co., Ltd and Jintan Investment Holding Co., Ltd  acquire within the 
meaning of Article 3(1)(b) and 3(4) of the Merger Regulation  joint control of Continental 
CALB Battery Power S ystem Co., Ltd ( "JV", China ) by way of purchase of shares in a 
newly created company constituting a joint venture .3 
2. The business activities of the undertakings concerned are:  
– Continental Automotive  is a foreign -invested holding company, indirectly wholly -
owned by Continental AG, a German automotive manufacturing group mainly 
specialising in products for the automotive and transportation industries , 
– CITC is active in designing and manufacturing bat teries and power systems via its 
subsidiary, China Aviation Lithium Battery Co., Ltd.. CITC is directly owned by 
Aviation Industry Corporation of China (“AVIC”), a state -owned enterprise,  
                                                 
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 b e 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 366, 10.10.2018 , p. 14. 
PUBLIC VERSION  
2 – JHTD is an investment vehicle . JHTD is controlled by two investmen t companies4, 
which are in turn each controlled by two local government  bodies of Changzhou5,  
– The JV will develop, produce and sell battery systems for mild hybrid electric 
vehicles. The product portfolio will feature low voltage battery systems, batter y 
system application software, battery cells and battery management systems, as well 
as supply chain management of battery systems.  
3. After examination of the notification, the European Commission has concluded that the 
notified operation falls within the sc ope of the Merger  Regulation  and of paragraph 5(b) of 
the Commission Notice on a simplified procedure for treatment of certain concentrations 
under Council Regulation (EC) No 139/2004 .6 
4. 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 Agreement . 
For the Commission  
 
(Signed)  
Johannes LAITENBERGER  
Director -General  
 
 
                                                 
4  Changzhou Investment Holding Co., Ltd. and Jintan Investment Holding Co., Ltd . 
5  Changzhou City Government and Changzhou City Jintan District Government . 
6  OJ C 366, 14.12.2013, p. 5 .