LJUBLJANA (Slovenia), March 5 (SeeNews) – The European Investment Bank (EIB) said it is considering lending 400 million euro ($522 million) for a sustainable hi-tech project of French car maker Renault that will be implemented in Slovenia, Romania, France and Spain.
The project's R&D activities are mainly located at existing Renault premises in France, and to a lesser extent, in Romania and Spain. It also includes some investments in Slovenia to adapt existing facilities for the production of new vehicles, the EIB said in a statement on Monday.
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The project, with a total cost of 812 million euro, concerns the development of innovative light-weighting platforms, more cost affordable electrified drivetrain and vehicles, and the development and further industrial deployment of a new A segment urban vehicle.
In Romania, Renault owns car maker Dacia. Novo Mesto-based Revoz is the French auto maker's Slovenian unit.
($=0.7666 euro)