# EIB provides €25 million loan to ZANINI Auto Group for innovation

The European Investment Bank will provide €25 million to finance RDI investments of Spanish group ZANINI, including building a new plant in Parets del Vallès and expanding capacity. The investments will be implemented by 2023.

- Type: Investment
- Announced: 2020-07-15
- Where: Barcelona, Parets del Vallès, Spain
- Value: $28.5M (25.0M EUR)
- Starts operating: 2023
- Status: announced
- Products: advanced driver-assistance systems, radar integration components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZANINI Auto Group](https://endata.com/companies/48583.md)
- [European Investment Bank](https://endata.com/companies/10295.md) (investor)

## Sources

- [eib.org](https://www.eib.org/en/press/all/2020-196-support-for-the-european-automotive-industry-eib-finances-zanini-auto-group-s-innovation-strategy-with-eur25-million-loan?recommendation=1), 2020-07-15: "The EU bank funds will enable ZANINI to advance driver assistance technologies to develop self-driving vehicles and new safety systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.