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According to the Bank’s website, the project concerns the promoter's investments at the Kragujevac plant (Serbia): (i) to upgrade, modernise and adapt the facility for the integration and deployment of advanced manufacturing technologies for the production of a new platform of electric vehicles (EV); (ii) to install PV equipment for the production of a part of the energy needed at the plant; (iii) for the process improvements, the training, upskilling and reskilling of the plant's employees. The investments started in 2022 but will be carried out primarily in the period 2023-2024
The implementation of this project will make possible reconverting the Kragujevac factory for the production of EVs, increasing the local employment, relaunching the industrial activity in the area and developing a local supply ecosystem focused on electric vehicles. The Kragujevac factory will be the first BEV-dedicated facility within the Stellantis Group, optimised to produce a new car modular platform and will introduce advanced manufacturing technologies, in particular across the body-shop, the assembly, the logistics areas as well as the battery assembly area.
The project is located within an existing factory site and it is unlikely to have any significant impact on nature conservation sites. The Bank's services will clarify the possible need for an EIA (or equivalent) during the appraisal, as well as any other environmental detail.
Stellantis N.V. is a multinational automotive manufacturing corporation formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles and the French PSA Group. The company is headquartered in Amsterdam.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Stellantis NV | Client | - |
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