The project concerns the promoter's expenditure in the development of electric motors for electric and electrified (hybrid) vehicles, as well as the investments for setting up the manufacturing process.
The project will support the design and manufacturing of a state of the art, cost efficient product specific for electrified automotive applications. This should help Original Equipment Manufacturers (OEMs) to address their electrification targets in 2025 and beyond.
The R&D activities will take place within existing facilities without changing their authorised scope and therefore do not fall under Annex I and II of Directive 2011/92/EC as amended. The component related to the manufacturing of motors falls under the Annex II Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended. All environmental, issues including environmental and operational authorisations will be reviewed during the due diligence process.
Being the promoter a private company not operating in the utilities sector and not having a status of contracting authority, it it is not covered by EU Directives on procurement.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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.
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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.