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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Germany : € 100,000,000
    Industry : € 100,000,000
    Signature date(s)
    1/12/2021 : € 100,000,000

    Summary sheet

    Release date
    13 December 2021
    Status
    Reference
    Signed | 01/12/2021
    20200923
    Project name
    Promoter - financial intermediary
    HIGH-TECHNOLOGY AUTOMOTIVE RDI
    RHEINMETALL AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 236 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns investments in research, development and innovation (RDI) leading to new automotive technologies for a more sustainable and intelligent mobility on the road, e.g. through vehicle electrification and weight reduction, advanced safety assistance and autonomous driving systems.

    The EIB financing will support a targeted portfolio of the Promoter's research, development and innovation (RDI) activities that are directly or indirectly supporting the decarbonisation of road transport as well as contributing to better safety and digitalisation of the transport sector.

    Additionality and Impact

    The project concerns R&D activities that lead to new products and components helping to reduce vehicle emissions and improve safety and autonomy of transport. Furthermore, it is enabling the automotive industry transform towards a more sustainable mix of technologies, able to achieve future emission targets in the transport sector. It is expected to lead to significant positive knowledge and environmental spillovers in these fields.


    The Bank's contribution to the project is underpinned by a combination of advantageous terms, a meaningful loan amount, flexible drawdown terms as well as catalysing effect on crowding-in other financiers, thereby facilitating the project's financing and full implementation.

    Environmental aspects
    Procurement

    The project includes RDI activities that are not specifically mentioned under the EIA Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an environmental impact assessment (EIA) under the directive 2014/52/EU amending directive 2011/92/EU.

    The Promoter is a private company not operating in the utilities sector and not having a status of a contracting entity. Thus 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) - HIGH-TECHNOLOGY AUTOMOTIVE RDI
    Publication Date
    22 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    140819947
    Document Focus
    Environmental Information
    Project Number
    20200923
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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.
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