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JCI INNOVATIVE CAR BATTERY

Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Germany : € 75,000,000
Industry : € 75,000,000
Signature date(s)
20/12/2011 : € 75,000,000
Link to source
Data sheet
JCI INNOVATIVE CAR BATTERY
Other links
Summary sheet
JCI Innovative Car Battery

Summary sheet

Release date
16 May 2011
Status
Reference
Signed | 20/12/2011
20100615
Project name
Promoter - financial intermediary
JCI Innovative Car Battery

Johnson Controls Inc.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 155 million
Location
Sector(s)
Description
Objectives

Research, development and innovation activities in support of manufacturing sites for Johnson Controls Inc. latest generation of lead-acid battery capacities in Germany. In addition to the RDI activities performed in the R&D centre located in Hannover, the project includes the expansion of the manufacturing plant located in Zwickau and the expansion of the recycling plant located in Krautscheid.

The project supports the development of the new AGM batteries, which is one of the most important elements of the ongoing trends towards electrification in the automotive industry, and the widespread implementation of micro-hybridisation. AGM batteries also display better safety features than those based on conventional technology.

Environmental aspects
Procurement

The project comprises capital investments in manufacturing and recycling plants for automotive batteries as well as related innovation and product development activities, for which Environmental Impact Assessments (EIA) may be required according to the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. To be assessed during the project appraisal.

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

Link to source
Summary sheet
JCI Innovative Car Battery
Other links
Data sheet
JCI INNOVATIVE CAR BATTERY

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

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

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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