€ 245 mil. to invest in R&D for energy efficient engines and electric cars

The EIB and Volvo Car Corporation have signed a EUR 245 million loan agreement backing research and development activities in connectivity, efficient petrol hybrid engines, longer-range electric cars and advanced driving assistance systems. The EIB transaction with Volvo Cars was made possible by the European Fund for Strategic Investments (EFSI), which is the central pillar of Read more about € 245 mil. to invest in R&D for energy efficient engines and electric cars[…]