CELEX: 32021M10277
Language: en
Date: 2021-08-12 00:00:00
Title: Commission Decision of 12/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10277 - GEELY / FUTAIHUA / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                               Brussels, 12.8.2021
                                                               C(2021) 6079 final
                                                                               PUBLIC VERSION
                                                               Zhejiang Geely Holding Group Co.,
                                                               Ltd.
                                                               1760 Jiangling Road, Binjiang District,
                                                               Hangzhou
                                                               China
                                                               Futaihua Industry Shenzhen Co., Ltd.
                                                               Building 4,6,7 and 13 (Section 1) of
                                                               Foxconn Guanlan Science &
                                                               Technology Park B District, DaSan
                                                               Community, Guanlan Street, Longhua
                                                               New District
                                                               Shenzhen
                                                               China
Subject:        Case M. 10277 — Geely/Futaihua/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 20 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Zhejiang Geely Holding Group Co., Ltd. (“Geely”, China) and Futaihua
        Industry Shenzhen Co., Ltd. (“Futaihua”, Taiwan), a wholly-owned subsidiary of Hon
        Hai Precision Industry Co., Ltd., trading as the Foxconn Technology Group (Taiwan),
        acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint
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’).
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.
 ---pagebreak---    control over the whole of the undertaking greenfield joint venture (“Joint Venture”
   China) by way of purchase of shares.3
2. The business activities of the undertakings concerned are:
       for Geely: the production and sales of passenger cars worldwide,
       for Futaihua: the provision of third-party electronic manufacturing services
        ("EMS") to Original Equipment Manufacturers (“OEM”) of electronic products,
        such as computers, mobile phones, video game consoles and televisions,
       for the Joint Venture: partial or all of OEM production and comprehensive
        customized consulting services in China relating to whole vehicles, parts,
        intelligent drive systems, automotive ecosystem platforms, electric vehicle
        industry value chain, etc. to automotive enterprises.
3. 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(a) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
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)
                                                            Olivier GUERSENT
                                                            Director-General
3  Publication in the Official Journal of the European Union No C 299, 27.07.2021, p. 15.
4  OJ C 366, 14.12.2013, p. 5.
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