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    Reference: 20180863
    Release date: 17 September 2019

    Promoter – Financial Intermediary




    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.


    Proposed EIB finance (Approximate amount)

    EUR 145 million

    Total cost (Approximate amount)

    EUR 343 million

    Environmental aspects

    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.


    Approved - 24/01/2020


    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).

    Related tags

    France Industry