EU INVESTMENT BANK FOCUSES ON DEVELOPING NEW PLASTICS TO LIGHTWEIGHT E-CARS
February 1st, 2019
WITH auto manufacturers looking for ways to light-weight electric and hybrid vehicles, to boost performance and battery life, the European Union (EU) is investing in a Spanish company that is seeking to develop recyclable thermo-plastic alternatives to rubber for auto parts.
The European Investment Bank (EIB), the EU-linked development institution, is sinking EUR26 million into Cikautxo, which specialises in making plastic and rubber auto components, as well as materials.
An EIB note said that the Basque Country-based company would use the money to create ...
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