This financing is earmarked for Teknia's research and development (R&D) activities and their application in manufacturing sustainable automotive components across its facilities in Spain, Poland, Romania, Germany, Sweden, and Czechia.

The investment will specifically target the application of advanced manufacturing technologies, product diversification, and the reduction of carbon emissions. This initiative is also supported by InvestEU, an EU program designed to mobilize over €372 billion in investments by 2027.

Javier Quesada de Luis, Teknia CEO, said: "This important loan will allow us to keep growing during these challenging times in the automotive sector and focus even more in innovation to manufacture the mobility of the future in our plants in the most sustainable way, decreasing the carbon footprint of the group."

Teknia operates in 13 countries with 23 plants and over 3,500 employees, serving leading vehicle manufacturers and Tier-1 suppliers globally.