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Global Trade Alert

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Spain: Introduction of EUR 837 million state aid scheme to fund electric vehicles battery

Description

On 11 May 2023, the European Commission approved a EUR 287 (USD 313) million state loan measure from Spain. The aid will support companies operating in the production of lithium alloys, nickel, mangan...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 May 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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