- The goal of the investments is to drive innovation at CIE Automotive and develop more sustainable manufacturing technologies in the automotive sector.
- This EIB operation supports innovation and sustainability in a strategic sector for the EU economy.
The European Investment Bank (EIB) and CIE Automotive have signed a loan worth €36 million to finance the company’s research, development, and innovation activities, as well as their application in the manufacture of high value-added components for the automotive sector.
The financing will also support CIE Automotive’s investments in process optimisation through digitalisation, and in the development of more sustainable manufacturing technology.
The investments will take place in the company’s facilities in Spain, Germany, France, and Italy, some of which are located in cohesion regions.