SAMR Lifts Restrictive Conditions on the Joint Venture by Corun, Toyota and Others

Recently, China’s State Administration for Market Regulation (“SAMR”) announced that it had lifted the restrictive conditions imposed by the Ministry of Commerce in July of 2014 on the joint venture set up by Hunan Corun New Energy Co., Ltd. (“Corun”), Toyota Motor (China) Investment Co., Ltd. (“Toyota”) and others.

Recently, China’s State Administration for Market Regulation (“SAMR”) announced that it had lifted the restrictive conditions imposed by the Ministry of Commerce in July of 2014 on the joint venture set up by Hunan Corun New Energy Co., Ltd. (“Corun”), Toyota Motor (China) Investment Co., Ltd. (“Toyota”) and others.

SAMR believed that the competition situation in the relevant market had substantially changed and the lift of relevant restrictive conditions would not cause eliminative or restrictive effects on market competition.

(Source: SAMR)

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/10/samr-lifts-restrictive-conditions-on-the-joint-venture-by-corun-toyota-and-others/.

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