Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

This notification concerns the following undertakings:

‒ Renault is a 100%-owned subsidiary of Renault S.A., a listed company. Renault S.A. is the ultimate parent company of Renault Group, a French multinational automobile man-ufacturer headquartered in Boulogne-Billancourt in France;

‒ Plug Power is a 100% subsidiary of US-based listed company Plug Power Inc., which is the ultimate parent company of the Plug Power group. The group develops, produces and sells hydrogen, electrolysers and fuel cell solutions for industrial and mobility applications; and

‒ Hyvia is active in the manufacture and supply of fuel cell LCVs.

Renault and Plug Power set up a newly created, jointly controlled joint venture in 2021, Hyvia.

The Proposed Transaction consists in the transition of Hyvia from a non-full function into a full function joint venture by virtue of it entering the market for the manufacture and supply of fuel cell LCVs through direct sales to customers. It qualifies as a concentration within the meaning of Article 3(4) of the Merger Regulation.

The business activities of the undertakings concerned are:

(a) for Renault: mainly manufactures and sells vehicles, parts and mobility services and provides other services ancillary to its main activities, such as financing and mobility solutions.

(b) for Plug Power: develops, produces and sells hydrogen and fuel cell solutions for indus- trial use, mobility and stationary applications. It offers products and solutions ranging from fuel cells to electrolysers and fuelling infrastructures to the production, storage and handling, transportation and dispensing of green hydrogen.

(c) for Hyvia: manufactures and supplies fuel cell LCVs.

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