EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 12/08/2021

In electronic form on the EUR-Lex website under document number 32021M10277

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 139/2004 and Article 57 of the Agreement on the European Economic Area

Dear Sir or Madam,

1.1. 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

1OJ 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.

2OJ 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.

3control over the whole of the undertaking greenfield joint venture (“Joint Venture”

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.

43. 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. 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

3Publication in the Official Journal of the European Union No C 299, 27.07.2021, p. 15.

4OJ C 366, 14.12.2013, p. 5.

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