The EU Commission unconditionally clears a fuel-cell joint venture aiming to achieve climate-neutral and sustainable transportation (Volvo / Daimler)

Volvo Group (“Volvo”) and Daimler Truck AG (“Daimler”), notified a joint venture (“JV”) in the relatively novel but rapidly evolving hydrogen fuel-cell sector to the European Commission (“EC”, the “Commission”) [1]. The JV cellcentric GmbH & Co. KG, based in Germany, will be active in the development, production, and commercialization of hydrogen fuel-cell systems (“FCS”) for use primarily in heavy-duty trucks [2]. Therefore, this partnership among two major European truck manufacturers, marks an important step towards rolling out carbon neutral transport networks and achieving climate-neutral and sustainable transportation by 2050. On February 5, 2021, the EC unconditionally cleared the transaction, absent relevant horizontal overlap between the parties’ activities or vertical foreclosure

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Authors

  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (Brussels)

Quotation

Antoine Winckler, Daniela Weerasinghe, The EU Commission unconditionally clears a fuel-cell joint venture aiming to achieve climate-neutral and sustainable transportation (Volvo / Daimler), 5 February 2021, e-Competitions February 2021, Art. N° 99814

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