Juncker Plan supports innovation in Austria
The European Investment Bank (EIB) is providing a EUR 70m loan to AVL List GmbH under the Juncker Plan. The EIB loan was made possible by the European Fund for Strategic Investments (EFSI). AVL will use the EFSI-backed loan to expand its research and development activities, developing new, innovative and environmentally-friendly technology to use in hybrid and fully electric powertrains as well as advanced driver assistance systems (ADAS) for connected and autonomous vehicles.
Photo Credit: AVLTOP