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23 Jul 2024
Serbia: EIB Global to invest €73 million to speed up decarbonisation of automotive industry
EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, is providing a €73 million loan to Fiat Chrysler Automobiles (FCA) Serbia, part of the Stellantis Group, to modernise, equip and adapt its car manufacturing facility in Kragujevac to produce a new electric vehicle platform. The project aims to support the green transformation of the European automotive industry, increase competitiveness, and enable the transfer of technology and expertise. As one of the largest EU foreign direct investments in the Western Balkans, the funds are also expected to attract additional private capital to the region.
