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EBRD Grants EUR 75 Million Loan to Draexlmaier for Electric Mobility Investments in Romania, North Macedonia, and Moldova

2024-04-29 00:00:00

The European Bank for Reconstruction and Development (EBRD) has confirmed a substantial financial commitment of up to EUR 75 million to the Draexlmaier Group, a prominent German automotive supplier. This loan is earmarked to support the company's ventures in electric mobility and to cover general capital expenditures across three key markets: Romania, North Macedonia, and Moldova.

Draexlmaier, renowned for its innovative solutions in the automotive industry, is set to utilize this funding to enhance its manufacturing capabilities and infrastructure in these regions, particularly focusing on the burgeoning sector of electric vehicles (EVs). The investment underscores the EBRD's support for sustainable development and its confidence in Draexlmaier's potential to advance eco-friendly technologies in the automotive sector.

This strategic financing will facilitate Draexlmaier’s efforts to expand its production capacity and improve operational efficiencies, further cementing its position as a critical player in the global shift towards electric mobility. Additionally, the investment is expected to have a positive impact on the local economies of Romania, North Macedonia, and Moldova by creating jobs, fostering skill development, and enhancing technology transfer.

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