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