{"id":79977,"date":"2022-08-31T11:42:03","date_gmt":"2022-08-31T09:42:03","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=79977"},"modified":"2022-08-31T11:43:23","modified_gmt":"2022-08-31T09:43:23","slug":"eib-extends-e300-m-to-back-germanys-mahle-rd-to-promote-e-vehicles","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/eib-extends-e300-m-to-back-germanys-mahle-rd-to-promote-e-vehicles\/","title":{"rendered":"EIB extends \u20ac300 m to back Germany\u2019s MAHLE R&D to promote e-vehicles"},"content":{"rendered":"

The European Investment Bank (EIB)<\/a> is supporting the research and development of Germany’s fourth-largest automotive supplier MAHLE<\/a> with a loan of \u20ac300\u00a0million to accelerate vehicle electrification and the decarbonization of road traffic.<\/p>\n

The projects include investments in eco-friendly technologies such as electric motor and battery components, thermal management, cooling and air quality systems, hydrogen and fuel cell components as well as power electronics and traction motors.<\/p>\n

MAHLE is working on the climate-neutral mobility of tomorrow with a focus on the strategic fields of electromobility and thermal management as well as other technology areas for reducing CO2<\/sub>\u00a0emissions, for example fuel cells and highly efficient combustion engines that run on e-fuels or hydrogen. The group already generates over 60% of its sales independently of passenger car internal combustion engines. By 2030, this share is set to increase to 75%.<\/p>\n

According to its lending criteria, the EIB is able to finance a meaningful amount of MAHLE\u2019s research and development projects, as the company\u2019s investments in sustainable technologies aim to significantly reduce the carbon footprint of mobility.<\/p>\n

EIB Vice-President Ambroise Fayolle, in charge of climate action at the EU bank, said: \u201cWe are proud to support MAHLE\u2019s research and development in innovative technologies for zero-emissions vehicles. With this investment, together we will contribute to a more efficient and sustainable European transport system. The project is aligned with the EIB\u2019s Climate Bank Roadmap in support of international climate goals. This is a truly European project, with research being carried out in Germany and seven other EU countries.\u201d<\/p>\n

Michael Frick, MAHLE\u2019s chairman of the Management Board (ad interim) and chief financial officer, is pleased about the cooperation. \u201cTaking responsibility is part of MAHLE\u2019s DNA as a foundation-based company. We see the Paris climate agreement as a binding mandate to minimize emissions caused by road traffic. Through investments in zero-emissions technologies, we are accelerating the transition to a reduced carbon footprint, helping to make individual mobility more efficient, more sustainable, and therefore more environmentally compatible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Investment Bank (EIB) is supporting the research and development of Germany’s fourth-largest automotive supplier MAHLE with a loan of \u20ac300\u00a0million to accelerate vehicle electrification and the decarbonization of road traffic. The projects include investments in eco-friendly technologies such as electric motor and battery components, thermal management, cooling and air quality systems, hydrogen and […]<\/p>\n","protected":false},"author":410,"featured_media":79978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[],"yoast_head":"\nEIB extends \u20ac300 m to back Germany\u2019s MAHLE R&D to promote e-vehicles - Csr Egypt<\/title>\n<meta name=\"description\" content=\"EIB is supporting the research and development of Germany's fourth-largest automotive supplier MAHLE with a loan of \u20ac300\u00a0million to accelerate vehicle electrification and the decarbonization of road traffic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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