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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Poland : € 33,000,000
Spain : € 39,000,000
Slovenia : € 42,000,000
Germany : € 150,000,000
Services : € 300,000,000
Signature date(s)
28/07/2022 : € 33,000,000
28/07/2022 : € 36,000,000
28/07/2022 : € 39,000,000
28/07/2022 : € 42,000,000
28/07/2022 : € 150,000,000
Link to source

Summary sheet

Release date
10 February 2023
Status
Reference
Signed | 28/07/2022
20220004
Project name
Promoter - financial intermediary
ADVANCED MOBILITY SOLUTIONS
MAHLE GMBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 651 million
Location
Sector(s)
  • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles
Description
Objectives

The project concerns the promoter's investments in research and development for innovative technologies for application in battery electric, plug-in hybrid electric and fuel-cell electric vehicles. It specifically includes investments for technologies in the fields of hydrogen and fuel cells components, electric motor and battery systems, power electronics, thermal management and cooling systems.

The project will contribute to further develop innovative component technologies for application in battery electric, plug-in hybrid electric and fuel-cell electric vehicles. It will contribute to improve electric and fuel cell vehicle performance, enhance their overall energy efficiency, reduce their manufacturing cost and then final price, and therefore lower the barriers to the adoption of such vehicles in the market.

Additionality and Impact

The project concerns the promoter's investments in innovative sustainable technologies for components relevant for vehicle electrification and decarbonisation. It will create the conditions for their accelerated and wider market adoption, will contribute to further knowledge creation, accumulation and diffusion, will support the development of a relevant ecosystem of technology companies and the necessary skills also through reskilling and upskilling of existing employees. 

Such investments contribute to the Bank's "Innovation, Digital and Human Capital" public policy objective; a part of them to EIB Climate Action and Environmental Sustainability policy objective and to the EU's economic, social and territorial Cohesion policy objective. EIB financing supports the promoter's investments addressing the market failures and gaps associated with imperfect competition and incomplete markets for innovative electrification and fuel-cell technologies, and those addressed by projects with positive environmental and knowledge externalities generation.


The promoter's R&D capability, its focus on R&D, innovation and sustainability, its technology edge, industrialisation capability and strong ecosystem of partners, along with its experienced management will help implement a sound and sustainable project, integrating positive environmental and social dimensions, contribute to address and mitigate market failures, and through its additionality, contribute to the Bank's policy objectives.


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. 


The Bank's technical contribution and advice is primarily explained by the guidance provided to align the project scope with policy objectives at project origination.

Environmental aspects
Procurement

The project R&D activities do not fall under the Annexes of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Therefore, the activities are not subject to a mandatory environmental impact assessment (EIA).

The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and thus is not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.

Link to source
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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) - ADVANCED MOBILITY SOLUTIONS
Publication Date
7 Mar 2023
Document language
Main Topic
Lending
Document Number
155639620
Document Focus
Environmental Information
Project Number
20220004
Sector(s)
Regions
Publicly available
Download now
Other links

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 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.

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