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    Reference: 20120471
    Release date: 13 November 2013

    Promoter – Financial Intermediary

    BAYERISCHE MOTOREN WERKE AG

    Location

    Description

    The R&D project aims at the further reduction of BMW's fleet average GHG emissions, adding up alternative drive train technologies such as fuel cell, hydrogen and battery technologies for electric cars, including also light weight materials. The project covers the period 2013-2016.

    Objectives

    The project has two major components. The first includes the promoter’s R&D investments in fuel efficiency and CO2 reducing innovative technologies, including developments in conventional internal combustion engines, electric mobility, hydrogen fuel cell technologies and light weighting technologies. The second component includes the promoter’s expenditures in vocational training for the company’s manufacturing operations.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    EUR 831 million

    Environmental aspects

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2011/92/EU. Any possible environmental issue will however be verified during the project appraisal.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having a status of contracting authority. Thus it is not covered by EU Directives on procurement.

    Status

    Signed - 18/12/2013

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Germany Industry