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Global Trade Alert

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France, Germany and Romania: EIB provides financing for 'Automotive Electric and Advanced Mobility RDI'

Description

On 8 December 2022, the European Investment Bank (EIB) and Vitesco Technologies Group AG signed a loan agreement worth EUR 250 million (approx. USD 265 million) for the project 'Automotive Electric an...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

08 Dec 2022

Revocation date

No revocation date

Implementation level

IFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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