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    Signature(s)

    Amount
    € 145,000,000
    Countries
    Sector(s)
    France : € 145,000,000
    Industry : € 145,000,000
    Signature date(s)
    24/01/2020 : € 145,000,000

    Summary sheet

    Release date
    17 September 2019
    Status
    Reference
    Approved | 24/01/2020
    20180863
    Project name
    Promoter - financial intermediary
    NIDEC PSA EMOTORS
    EMOTORS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 145 million
    EUR 343 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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.

    Disclaimer

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - NIDEC PSA EMOTORS
    Publication Date
    17 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    106333830
    Document Focus
    Environmental Information
    Project Number
    20180863
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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