Mercedes Benz Cars R&D Sust Mobility

R&D activities with the aim of optimising fuel efficiency and lowering carbon dioxide emissions of motor vehicles and the development of electric vehicles.

Objectives

The project concerns (i) the development of electric power trains (including batteries) in the form of hybrids / plug-in hybrids, with extended driving range, as well as (ii) the development of electric vehicles powered by battery or fuel cell. The project is a prerequisite for the implementation of the promoter’s roadmap towards vehicles with lower carbon emissions.

Comments

Loan foreseen under the European Clean Transport Facility (ECTF).

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

EUR 400 million.

Total cost (Approximate amount)

EUR 1 700 million.

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized and would therefore not require an Environmental Impact Assessment (EIA) under Annex II of the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC.

Procurement

Procurement is expected to be in line with the EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Status

Signed - 02/07/2010.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

RDI aimed at optimising fuel efficiency and reducing carbon dioxide emissions

E-mail

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.

Alternatively, EIB can also be contacted through its external offices.

Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.

Media enquiries

Media related enquiries can be addressed to the EIB Press Office. Please also visit our Press Corner.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.