CIE Automotive receives support from the EIB for decarbonisation strategy

Core Viewpoint - CIE Automotive is receiving advisory support from the European Investment Bank (EIB) to enhance its decarbonisation efforts across its operations and value chain [1][4]. Group 1: Decarbonisation Plan - CIE Automotive's Decarbonisation Plan aims for carbon neutrality by 2050, including emissions reduction targets and a detailed analysis of baseline emissions [2]. - The plan identifies key operational and supply chain levers for rapid emissions reduction [2]. Group 2: Investment Opportunities - The decarbonisation strategy outlines investment opportunities such as energy efficiency improvements, low carbon technologies, renewable electricity procurement, and the adoption of electric furnaces [3]. - CIE Automotive is positioned to drive sustainable change in the automotive industry, which is known for high emissions, due to its extensive manufacturing facilities and strong supply chain integration [3]. Group 3: EIB Support and Partnership - CIE Automotive is among the first automotive companies to receive EIB advisory support under the InvestEU Advisory Hub, which aims to transform strategic plans into investable projects [4]. - The partnership with EIB, established in 2009, has focused on supporting CIE Automotive's research and development activities to enhance its global competitiveness [6]. Group 4: Importance of Sustainable Manufacturing - Developing sustainable manufacturing technologies in the automotive sector is crucial for decarbonising European industry and advancing climate transition [5]. - The InvestEU Advisory Hub serves as a central point for project promoters seeking advisory support and technical assistance related to EU investment funds [5].