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    Signature(s)

    Amount
    € 600,000,000
    Countries
    Sector(s)
    France : € 600,000,000
    Industry : € 600,000,000
    Signature date(s)
    4/02/2021 : € 300,000,000
    15/07/2021 : € 300,000,000

    Summary sheet

    Release date
    10 September 2020
    Status
    Reference
    Signed | 04/02/2021
    20200278
    Project name
    Promoter - financial intermediary
    VALEO RDI FOR ELECTRIC VEHICLES AND CAR SAFETY
    VALEO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 600 million
    EUR 1426 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter's research, development and innovation activities in advanced technologies aiming to increase the levels of Decarbonisation and Safety in passenger vehicles. The project will be implemented in the period 2020-2024 at the promoter's research and development centres located in France, Germany, Czech Republic, Ireland, Belgium and Spain.

    The project will help to strengthen the company's technology competence and contribute to the ongoing transformation of the automotive industry driven by the following revolutions: - "greener" mobility based on powertrain electrification; - safer mobility based on advanced driver assistance systems (ADAS) and autonomous cars.

    Environmental aspects
    Procurement

    The project concerns investments for research and development activities to be carried out in existing facilities without changing their already authorised scope of activity, for which an EIA is not required by the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. The implementation of this project is expected to lead to the development and adoption of zero-emission, safer and connected vehicle technologies and to the deployment of a more sustainable transport system in Europe.

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - VALEO RDI FOR ELECTRIC VEHICLES AND CAR SAFETY
    Publication Date
    26 Nov 2020
    Document language
    Main Topic
    Lending
    Document Number
    131343628
    Document Focus
    Environmental Information
    Project Number
    20200278
    Sector(s)
    Regions
    Publicly available
    Download now

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