Reports from Brussels Group Renault Roma EUR180 Million Loan to Develop electric cars
Brussels-The European Investment Bank (EIB) is lending EUR 180 million to the Renault Group to contribute to research and development of a new generation of battery and motor for electric vehicles.
This is a large-scale project in terms of technology and the environment, in which the EIB add value through technical expertise and financial, according to a press release EIB received detikfinance, Friday (13/1/2012).
Financial partnership agreement the two sides signed by EIB Vice President Philippe de Fontaine Vive and Financial Director Dominique Thormann Group Renault in the Group Renault headquarters at Boulogne-Billancourt, France, Thursday local time yesterday.
This loan will be used in France to develop future generations of motor for electric vehicles, thus helping to develop wider expertise in product and process for lithium-ion battery and engine technology for electric powertrain.
The main goal is to make electric vehicles more competitive and ultimately accelerate the development of the market en masse.
It also reduces the consumption of CO2 emissions and other harmful pollutants also became the core of the research programme, with a potential annual loss of more than 150,000 tons of CO2 compared with a conventional vehicle with the engine.
"We support due to superior technology determines the future in terms of sustainable development and competitiveness," said EIB Vice-president Philippe de Fontaine Vive during the signing ceremony.
"This collaboration will allow us to jointly prepare the future of the motor industry in Europe, where the community would be the first to gain an advantage in their daily lives," imbuh Vive.
These loans are continuing quality of the partnership established between the EIB and the Renault Group. The Renault Group had previously received a loan of EUR 400 million from EIB for research, development and innovation (RDI) in order to optimize and improve the efficiency of the conventional powertrain develops electric vehicles and completely.
These loans also underscores the commitment of the EIB to support real innovation in the field of transport and industry. Aware of strategic importance of this sector, the EIB decided to launch a new policy in December 2011, in order to support the transport in Europe.
This new policy, which is fully in line with the European Commissions White Paper on transport adopted on 28 March 2011, aimed at further development of transport in an efficient and sustainable Europe, thus helping to reduce dependence on oil and boost the competitiveness of European industry.
