PORTUGAL Europe’s West Coast
Automotive Industry STRATEGIC ATLANTIC LOCATION Nearest European country to the U.S. and Canada
5 hour difference from New York
8 hours difference from PST
1 hour difference from Central European Time
Same time zone as UK and Ireland
1 MARKET PORTUGAL IS A GATEWAY 260 MILLION TO THE EUROPEAN UNION (500+ MILLION PEOPLE) AND PORTUGUESE SPEAKING THE PORTUGUESE SPEAKING COUNTRIES CONSUMERS
› Portugal › Angola › Brazil › Sao Tome and Portugal is a Principe Portuguese Exports › Cape Verde founding of Goods › Equatorial member › East-Timor Guinea of the Euro. » EU › Mozambique › Guinea Bissau 74.1% 2017
2 ECONOMIC KEY FIGURES
PORTUGUESE GROWTH OF THE GDP GROWTH EXPORTS AS UNEMPLOYMENT RATE PERCENTAGE EXPORTS TO THE (2017) (March 2018) OF GDP (2017) U. S. (2017) 2.7% 7.5% 43.1% 20.2%
INVESTMENT INFLATION RATE GROWTH EXPORTS GROWTH $2.3bi (2017) EXPECTATION (until 2019, annually) (2017 ) 1.4% 4.4% 7.9% $5.6bi
Portuguese exports to the U.S. 3 U. S. exports to Portugal - 2017 INVESTMENT TRACK RECORD
ATTRACTIVE AND RELIABLE INVESTMENT DESTINATION
M&A OPERATIONS Airport Infrastructure, Port Terminals, Energy, Renewable Power Assets, Electricity Grid, Water Sectors, Telecommunication, Banking, Insurance, Hospitals, Pharmaceutical, Tourism, Electronics Products, Cloud Services, Semi-conductor, Packaging, Wood-based Materials.
4 INVESTMENT TRACK RECORD INDUSTRIAL INVESTMENT : NEW AND EXPANSION
BOSCH
Bosch car multimedia strengthened BORGWARNER its business with $60M investment in R&D activities Expansion of existing plant to GMD produce new emission control components for the automotive New industrial unit, high pressure die industry casting components for the EBERSPÄCHER AMKOR automotive industry T e c h n o l o g y Eberspächer opens an exhaust KEMET technology plant in Portugal Expansion of an existing plant to produce new wafer level packaging Expansion of existing plant to produce solutions for the IoT market MECACHROME new aluminum electrolytic capacitors for automotive power and industrial New industrial unit for the LED lighting manufacturing of titanium parts for aircraft engines
5 Launches a Digital RECENT TRACK Delivery Hub in Lisbon
"Cyber Security Operation RECORD Centre“ in Lisbon
Next Generation Television Hub in Lisbon
New IT development center in Porto
Opens a second Delivery Centre in Portugal
New R&D, engineering design center in Porto
Opens new Technology Hub in Lisbon 6 ONGOING U.S. WEST COAST R&D center with UCP’s School TECH INVESTMENT INTO of Biotechnology in Porto
PORTUGAL New tech center in Lisbon
EMEA support center in Lisbon
New South European support center in Lisbon
Portugal and Cisco MoU to accelerate Portugal’s digitalization
Establishing in Porto to develop solar energy system manufacturing
Amazon Web Services to launch a business center in Lisbon 7 PORTUGAL’S COMPETITIVE ADVANTAGES COMPETITIVENESS
2 0 1 7 / 2 0 1 8 2017 190 C o u n t r i e s 139 C o u n t r i e s DOING FORBES BEST BUSINESS COUNTRIES FOR DOING BUSINESS P O R T UG AL REPORT RANKING IS BOOSTING ITS COMPETITIVENESS AND ATTRACTING #29 #19 NEW BUSINESSES
2017 2 0 1 7 / 2 0 1 8 127 C o u n t r i e s 137 C o u n t r i e s
GLOBAL THE GLOBAL INNOVATION COMPETITIVENESS INDEX REPORT #31 #42
9 INFRASTRUCTURES TRANSPORT
Portugal has the Quality #4 of Roads #8 Europe 13th best overall infrastructure in Quality the world. of Railroad #31 G L O B A L COMPETITIVENESS REPORT 2017 - 2 0 1 8 Quality of (137 COUNTRIES) Air Transportation #29
Quality of Ports #25
ALL MAINLAND SEAPORTS ARE CONNECTED TO THE RAIL NETWORK ONWARDS TO SPAIN AND CENTRAL EUROPE 10 Source: OECD, World Economic Forum INFRASTRUCTURES INTERNATIONAL AIRPORTS
DIRECT FLIGHTS PORTO F R O M PORTO LISBON, PORTO & 94 CITIES PONTA DELGADA with direct flights.
D I R E C T FLIGHTS TO M A J O R CITIES ATLANTA
LISBOA BOSTON MIAMI LISBON NEWARK NY (JFK ) 131 CITIES with direct flights. OAKLAND PHILADELPHIA PROVIDENCE WASHINGTON Source: 11 ANA/VINCI Airports of Portugal, August 2017 INFRASTRUCTURES B R O A D B A N D & CONNECTIVITY
CRITERIA RANKING
Connectivity #10 Integration of Digital Technology #9
EUROPE’S DIGITAL PROGRESS REPORT 2017, EU
Communication Technology #10 Digital / Technological Skills #14
WORLD DIGITAL COMPETITIVENESS RANKING 2017, 63 COUNTRIES
12 INNOVATION PORTUGAL IS A LEADING COUNTRY IN PROVIDING TECHNOLOGICAL SERVICES
AVAILABILITY FIRM-LEVEL FDI & QUALITY OF UNIVERSITY- OF LATEST TECHNOLOGY TECHNOLOGY SCIENTIFIC INDUSTRY R&D TECHNOLOGIES ABSORPTION TRANSFER RESEARCH COLLABORATION INSTITUTIONS #20 #28 #15 #22 #36 Today, the company has one of the largest dedicated R&D G L O B A L teams in Portugal, with over 500 highly qualified engineers COMPETITIVENESS working both on hardware and software solutions in Aveiro, REPORT 2017 - 2018 Braga and Ovar. In this way, Bosch stands not only for (137 COUNTRIES) Made in Portugal but also for Invented in Portugal. July, 2017
13 INNOVATION PORTUGAL I S A BOOMING ECOSYSTEM FOR STARTUPS
Artificial AI & AR e-Commerce IoT Robotics Fintech Intelligence
A Forbes top 50 Fintech companies for 2018
14 TALENT HIGH-LEVEL TALENT. FLEXIBLE. COMMITTED.
ENGLISH 3 SCHOOLS IN EDUCATION PROFICIENCY THE FINANCIAL INDEX 2017 TIMES RANKING #12 Ease of finding skilled employees Portugal is high proficiency #21 Availability of TOP 50 scientists and engineers European #18 Business School #25 Quality of management schools out of 80 countries Rankings 2017
Source: Education First, English Source: European Business School Source: The Global Talent Competitiveness Index 2017. Proficiency Index 2017 Rankings 2016 FT.com 118 countries INSEAD, Adecco Group, Human Capital Leadership Institute
15 TALENT
IN HIGHER EDUCATION INSTITUTIONS BY FIELD OF STUDY
STUDENTS ENROLLED 115,952 AND GRADUATES 2016 | 2017 78,027 81,406 56,113 22,191 30,207 16,356 15,545 13,305 5,667
Social Science Engineering and Healthcare Science, Maths and Other sand Law Manufacturing Computers Science
16 Source: PORDATA, Ministry of Education - DGEEC Portugal TALENT INTERNATIONAL BENCHMARKING W H A T COMPANIES SAY
SKILLED L A NG UA G E SIEMENS LABOUR RANK SKILLS “Portuguese people are result-oriented. If they have a problem, they deal with it. Here, workers don’t head home right when their shift ends. There is also a stable #20 #14 environment – inflation and salaries – and a good match of high tech and low cost.” P e t e r H a e n d e l , Chief Financial Officer, Siemens Portugal V E S T A S “Vestas already leads the industry in R&D investments and by establishing an additional engineering design MANAGEMENT UNIVERSITY SCIENCE IN center, we strengthen our R&D capabilities through the EDUCATION EDUCATION SCHOOLS broad pool of talent available in the Porto region.”
A n d e r s V e d e l , Executive Vice President and CTO #12 #17 #20 Vestas
17 Source: IMD World Talent Report 2017, 63 countries ATTRACTIVE INCENTIVES
PRODUCTIVE R&D JOB INVESTMENT INVESTMENT CREATION
TAX- CREDIT TAX- CREDIT T A X EXEMPTION FINANCIAL FINANCIAL SUPPORT SUPPORT GRANT
a n d : E x p a t s T a x R e g i m e ( Income Tax 20% flat rate for 10 Years)
U . S . – Portugal Convention for the avoidance of double taxation
18 U . S . – P o r t u g a l Foreign Account Tax Compliance A c t ( FACTA ) PRODUCTIVE INVESTMENT FINANCIAL INCENTIVES TAX INCENTIVES
New products or services; Investment projects with positive impact on innovation SCOPE New production methods or processes; and jobs creation. Innovation must be at least nationwide (non SME).
Tangible Fixed Assets: machine, equipment and buildings; Tangible Fixed Assets: machine, equipment and buildings; Intangible Fixed Assets: software, technology transfer; Intangible Fixed Assets: software, technology transfer. ELIGIBLE Training expenses. EXPENSES For project with very significant creation of high qualified jobs, exceptional alternative to tangible fixed assets: wages expenses (over a period of 2 two years).
Loan: 30% of eligible expenses as an interest-free loan; Corporate Income Tax Credit from 10% up to 25% 8-years reimbursement period (including 2 years grace of eligible investment;Tax benefits up to a 10-year NATURE period); O F S U P P O R T period after the conclusion of the investment. Cash Grant: Loan conversion of up to 60% of the Exemption from Municipal Property Tax, Municipal Tax incentive depending on the performance of the project. 30% * and Stamp Tax Transactions. 10% TO 25%
Financial grants combined with tax incentives, applied to the same expenses may not exceed 25% of the MAXIMUM eligible investment (tax credit + cash grant + loan interest saving). SUPPORT For projects located in Lisbon and Algarve regions, only investments in new activity are eligible up to a limit of 10% of the eligible investment (part of Lisbon region, including Lisbon, is not eligible for incentives).
Source: Portuguese Government 19 *Base Rate R&D INVESTMENT FINANCIAL INCENTIVES TAX INCENTIVES
SCOPE Investment in R&D activities to develop new products/services or new production methods or processes.
Costs with technical staff dedicated to R&D activities; Acquisition of services from third parties, including ELIGIBLE technical and scientific assistance and consulting; Purchase of scientific and technical instruments and EXPENSES equipment (depreciations during project); Costs associated with patents registration and acquisition.
Base Rate: 25% of eligible expenses; Corporate Income Tax Credit: Base rate: 32.5%; NATURE Bonuses: up to +40pp according to project scope; Incremental Rate: 50% of the increase in R&D expenses 100% Cash Grant: up to €1,000,000 of incentive; incurred during that period compared to the average O F S U P P O R T For incentive amount that exceeds €1,000,000, 25% from the previous two fiscal years, up to €1,500,000. as an interest-free loan and 75% as cash grant. 25%* 3 2 . 5 %
Financial grants combined with tax incentives, applied to the same expenses may not exceed: MAXIMUM 80% of Gross Grant Equivalent for Industrial Research Projects; SUPPORT 60% of Gross Grant Equivalent for Experimental Projects. For projects located in Lisbon, maximum financial support is 40% of eligible expenses
Source: Portuguese Government *Base Rate 20 JOB CREATION INCENTIVES Depending on the candidate’s profile, for each job position, the company can choose between one of the following incentive’s schemes:
INTERNSHIP EXEMPTION “ C O N T R A T O OR O F S O C I A L OR EMPREGO” GRANT GRANTS CONTRIBUTIONS
FROM TO 50% C A S H 9 months €441.88 €592.50 5 years 3 years Exemption €3,791.88 €1,263.96 GRANT
monthly grant depending Long-term First-Job Permanent ≥12 month fixed on the intern’s education level unemployed contract term contract
INTERNS P E R M A N E NT P E R M A N E N T EMPLOYEES O R F I X E D - T E RM EMPLOYEES › Unemployed aged between 18 and 30 (inclusive), with at least › Young people looking for first › Unemployed people (registered high-school graduate permanent contract job, aged at employment center for 6 under 30 years months) › Unemployed aged over 30 and under 45, if registered for at › Long-term unemployed › Unemployed people aged under least 2 months at the (registered at employment 29 or over 45, if registered for at employment center center for more than 12 months) least 2 months at employment center If internships are converted into a permanent labor contract, company can apply for the Exemption of Social Contributions scheme
21 EXPATS TAX REGIME + W O R L D CLASS TA L E N T I N PORTUGAL
TARGET INCENTIVES Qualified Expatriates in: F O R ENTITY I N C H A R G E (I) high added-value EMPLOYEES activities; Flat rate for Income Tax Authority (II) scientific, artistic or tax of 20% for technical activities; 10 years (III) upper management positions. 20%
22 Source: Portuguese Government Portugal is a good location to investment and QUALITY work but also a great place to live and enjoy life. Stable and safe, sunny, with unique nature, rich leisure, historic and cultural amenities, and OF L IFE GLOBAL PEACE high quality healthcare facilities. I N D E X 2018 163 C O U N T R I E S
B L O O M B E R G THE HUFFINGTON PURSUITS POST Where to Go in 2017 “Top 10 Countries With the Jan 4th 2017 Best Weather and Climate” #4 The 20 destinations that will Aug 8th 2016 be especially hot this year Portugal: “the country is “Portugal’s position in the considered the third most PORTUGAL pantheon of European tourism welcoming country for expats has shot from “obscure” to overall and ranks fifth in both “over-the-top,” and Lisbon, the the Quality of Life and the W O R L D S ' BEST QUALITY charm-packed capital, Ease of Settling In Index” OF LIFE COUNTRY is poised to keep climbing” FOR EXPATS
THE GUARDIAN
“Sun, surf and low rents: why Lisbon could be the #1 next tech capital” Oct 29th 2016 23 Source: Quality of Life Index 2017, Expat Insider AUTOMOTIVE IN PORTUGAL PORTUGAL IS PART OF THE SECOND BIGGEST AUTO OEM IN EUROPE Strong supply chain ready to support
Santander new players Álava • The Iberian Peninsula is #1 Vigo Navarra region in Europe for production Valladolid of Light Commercial Vehicles Barcelona • 2.89 million vehicles per year are produced in the region, Ovar Zaragoza making it one of the largest Mangualde production regions in Europe. Madrid • Several assembly units with Tramagal volumes higher than 100,000 Valencia vehicles per year. • 3.2 million vehicles per year are expected to be produced in Palmela the Iberian Peninsula by 2020.
2017 production of automotive vehicles in Portugal: The production of automotive 126,426 passenger cars and 49,118 commercial vehicles vehicles grew 100.4% in Portugal +22.68% than 2016 Source: OICA (2017) from Jan 2017 to Jan 2018 25 OEM IN THE PORTUGUESE MARKET AUTOMOTIVE VEHICLES PRODUCED FOR EXPORT (2017): 168,389 Units Porto
Mangualde
• VOLKSWAGEN 75,859 Units • CITROËN 23,529 Units Volkswagen T-ROC Citroën BERLINGO
Tramagal
• SEAT 33,359 Units • MITSUBISHI 8,645 Units Seat ALHAMBRA Mitsubishi CANTER Palmela
• PEUGEOT 25,084 Units • TOYOTA 1,913 Units Peugeot PARTNER Toyota CRUISER
26 Source: ACAP - Associação Automóvel de Portugal
AUTO COMPONENTS INDUSTRY
KEY FIGURES 2017
• Turnover €10bi
• No. of Companies 220
• No. of Factories +240
• Exports (%) 85%
• Employment 50,000
• Portuguese Owned 51%
Source: AFIA – Portuguese Automotive Suppliers’ Association (April 2018) 27 AUTO COMPONENTS INDUSTRY
28 AUTO COMPONENTS INDUSTRY TOP MARKETS
EUROPE 92% SPAIN 21%
NAFTA 3% GERMANY 17%
ASIA-OCEANIA 2% PORTUGAL 15%
AFRICA-MIDLE EAST 2% FRANCE 13%
MERCOSUL 1% U.K. 12%
Source: AFIA – Portuguese Automotive Suppliers’ Association (April 2018) 29 AUTO COMPONENTS SUPLIERS
• The components industry grew 200% in the past 15 years; • Main Customers are the major OEMs: BMW, Daimler, Fiat / Chrysler, Ford, GM, Mitsubishi, Nissan, PSA Peugeot Citroën, Renault, Toyota, Volkswagen; • Portuguese suppliers meet international standards. All companies have quality certification ISO 9001 and the majority achieved the ISO/TS 16949 specification and the environmental certification ISO 14001; • Activity sectors include: electrical and electronic equipment; infotainment; interiors; exterior; chassis, brakes, suspension, steering wheels and wheels; power train; engines and components and others. • Main Portuguese owned companies: Cabelauto, Caetano Coatings, Celoplás, Coindu, Couro Azul, Epedal, ERT Têxtil, Fehst, Iberomoldes, Inapal Metal, Inapal Plásticos, Incompol, Manuel da Conceição Graça, Microplásticos, Prenso Metal, Schmidt Light Metal, Simoldes, Sodecia, Sunviauto, TMG, Veneporte
30 Source: AFIA – Portuguese Automotive Suppliers’ Association AUTO COMPONENTS SUPLIERS Main Tier One Companies located in Portugal:
31 Source: AFIA – Portuguese Automotive Suppliers’ Association AUTO PARTS PRODUCED
Steering wheels IN PORTUGAL Window Glasses Brakes and Rear-view mirror Brake components Plastic Parts Gear box Dashboard Vehicle audio Metal Parts Suspension Airbags Inner Panels Motor components Internal Textile Packing Segments Battery Complete Seats Seat belts Engine Cooling Locks and door handles Bodywork Components Wiring Door panels Axles Tyres Metal parts Leading brands Front end Sound Silencers Bumpers choose Portuguese Technical Springs Moulds and Tools Auto parts
32 Source: AFIA – Portuguese Automotive Suppliers’ Association R&D AND TRAINING CEIIA - CENTER FOR EXCELLENCE AND TRAINING ACADEMY INNOVATION IN THE AUTOMOTIVE INDUSTRY ATEC is a leading training organization serving mainly the • Promotes the growth of Portuguese companies in the international automotive and IT industries. Its mission is to develop and supply chains operating in the mobility industry. It comprises an improve skills through training. Its facilities include computer engineering center and a mobility cluster management unit; and mechatronic labs, automation and robotic labs and a • Brings together companies, R&D centers, government entities, welding center. universities and international organizations; • It is focused in product and process development in areas such as ATEC is a certifying body for training in the EPLAN tool. design, styling, virtual reality, reverse engineering, prototyping and composites; ATEC has certified its home automation training centers in Lisbon and Porto in accordance with the Konnex standards • Projects involved: Pininfarina projects, electric bus development, and has also certified its home automation training team. Electric Vehicles, electric recharging stations. ATEC is a CISCO Academy: it has launched the CISCO DESIGN VIRTUAL REALITY STYLING networking equipment to trainees allowing them to obtain Cisco certification and has introduced the Cisco Certification Program. ATEC is part of Microsoft IT Academy: ATEC offers the widest range of Microsoft courses providing international Microsoft curriculum. ISO 14001 and ISO 9001 Certifications
33 Find more at www.ceiia.com Find more at www.atec.pt RECENT TRACK RECORD
Mercedes Benz In May 2017, Mercedes-Benz opened the world's first Digital Delivery Hub in the Portuguese capital, Lisbon, "the new «place to be» for the digital world”, creating 125 jobs in the areas of software development, app programming, Digital Delivery Hub big data, cloud computing, Java, Java script and AEM development.
Volkswagen In 2015 the President of Volkswagen confirmed the investment of €677 million in the Portuguese Palmela’s plant to introduce a new car production technology called “Modularer Querbaukasten”. This new production technology is Autoeuropa aimed at increasing flexibility in the production of passenger car models and it will start in 2018. PSA Peugeot In 2015, PSA Peugeot Citroën group announced an investment of €48 million in Mangualde’s production unit to Citroën produce an upcoming light commercial vehicle (LCV). Production is set to begin in 2018. In 2015, Bosch Car Multimedia Portugal, in Braga, announced the end of the first phase of the €19 million project between Bosch and University of Minho, the Human Machine Interface Excellence project, and new investments of Bosch €55 million in R&D until 2018, which foresees the registration of 22 patents and the hiring of 90 engineers and 170 scholarship holders.
In 2015, Toyota Caetano Portugal announced an investment of €10 million in Ovar’s plant to produce the Toyota Toyota Caetano Land Cruiser Series 70. In 2017, they signed a contract with the Government of Portugal about tax benefits, regarding an investment of around €5.9 million which aims to introduce innovative technologies and create 20 jobs.
Sakthi In 2016, Sakthi Portugal announced a new greenfield investment in Águeda, to produce safety critical automotive components. The project will create 135 new jobs and €37 million of investment.
Faurecia In 2015, Faurecia announced a €40 million investment in Bragança’s plant to produce new emission control systems, with the most innovative technology, aiming to create 400 jobs until 2017.
GMD GROUP In 2015, the French Group GMD opened a new greenfield production facility in Arcos de Valdevez to produce automotive components. Total expected investment is €25 million.
34 AUTONOMOUS DRIVING CARS
Lisbon is one of 3 cities chosen for the 2016/18 European Union project Autocits:
• R&D project to test autonomous driving in Europe; • A regulatory study for interoperability of autonomous driving in European urban nodes.
Developed by: • Indra Sistemas; The Portuguese Road Safety National Authority, University of Coimbra, Pedro Nunes Institute; Spanish Traffic Bureau, Polytechnic University of Madrid and INRIA.
35 IN PORTUGAL YOU CAN FIND:
. State-of-the-art infrastructure; . Accessibility to the main markets in Europe (Germany, Spain, UK and France) and to North Africa destinations; . Most competitive costs in Western Europe; . Availability of skilled labor; . Adaptable and motivated workers; . A good supplier base; . An export oriented sector; . Excellent cooperation between industry and universities; . Top training centers; . Very low rate of social conflicts; . A country open to foreign ideas and cultural diversity; . One of the safest countries in the World (3rd); . A competitive incentives package and excellent on the ground support.
36 Source: PWC (Auto Production Main Trends 2016) DID YOU KNOW?
CES® 2017 VENIAM, a Portuguese Innovation Awards: start-up was recognised BOSCH was honored with 2 by CNBC as one of the 50 distinctions for smart disruptor companies in solutions developed in America and won the PORTUGAL in connected 2016 Best Auto Mobility mobility and sensor Product/Service at the technology. YAZAKI PORTUGAL TU-Automotive Awards. has developed and supplied the electrical cables incorporated in the autolib’: the French electric car in use in Paris as a free car sharing service.
37 HOW PORTUGAL IS SET TO ATTRACT GREEN ENGINEERING PROJECTS ENERGY SUSTAINABILITY
Portugal is progressively less dependent of Fossil Sources of Reduction in imports of Fossil fuels: Energy Evolution of the installed capacity in Renewables (€Million of savings in avoided imports) Technology:
Source: APREN – Renewable Energies Association 39 ENERGY SUSTAINABILITY Global Irradiation and Solar Electricity Potential Portugal is one of the EU countries with the highest Solar Radiation exposure. Ideally located for industries combining regular network and solar electricity. Photovoltaic Solar Electricity Potential in European Countries
Source: PVGIS © European Union, 2001-2012 http://re.jrc.ec.europa.eu/pvgis/cmaps/eu_cmsaf_opt/PVGIS-EuropeSolarPotential.pdf http://re.jrc.ec.europa.eu/pvgis/cmaps/eu_cmsaf_opt/G_opt_PT.png
40 SUCCESSFUL PROJECTS IN PLACE
NATIONAL PLATFORM FOR ELECTRIC CARS
Portugal has the first nationwide, fully interoperable Electric Mobility System with charging stands in all major cities.
A grid based on Portuguese innovation and technology with more than 1,300 charging points where any vehicle can be charged.
Utilities
R&D
Vehicle Manufacturers
41 Learn more at www.mobie.pt SUCCESSFUL PROJECTS IN PLACE
In 2011 the Portuguese Salvador Caetano Group In 2015 the Tramagal production site of presented the 100% electric bus and in 2013 they Mitsubishi Fuso Truck and Bus Corporation launched the 1st 100% electric bus for exclusive announced that Fuso Canter E-Cell use at airports. trucks, with battery-electric-powered “Zero Emission”, were officially completed in Portugal.
42 SUCCESSFUL PROJECTS IN PLACE
PARTNERSHIP BETWEEN BOSCH & MINHO UNIVERSITY HUMAN MACHINE INTERFACE – INNOVATIVE CAR
• Phase 1 (2013-15): 12 PATENTS HMIExcel Human Machine Interface Excellence SUBMITTED Scope: Innovative multimedia automotive solutions based on advanced human-machine interaction systems (HMI). Investment: 19 Million Euro • Phase 2 (2015-2018): Innovative Car HMI Scope: INNOVCAR - innovation for intelligent vehicles (innovations in future automobile solutions, enhancing the way to "zero vision“) and IFACTORY-new industrialization capacity. Investment: 55 Million Euro
43 OPPORTUNITY:
LITHIUM FOR ELECTRIC VEHICLES BATTERIES Portugal is the Top Lithium Producer in Europe and has the Largest European Lithium Reserves Lithium World Mine Production and Reserves
• The Australian Dakota Minerals (Novo Lítio) is investing $400 million in its lithium mining operations in Portugal in 2017-2019
• Undergoing feasibility studies expected to conclude the industrial quality and sustainable quantity of existing resources
• Dakota Minerals aims to be producing Source: U.S. Geological Survey, Mineral Commodity Summaries, 2017 technical grade concentrate by early-2019 The US Geological Survey highlights this opportunity in Europe/Portugal Source: https://www.dakotaminerals.com.au/team-2/portugal 44 AICEP INVESTMENT T R A D E P R O M O T I O N P R O M O T I O N AICEP was recognized as the top investment promotion agency TO AGENCY AGENCY in Western Europe at the 2017 Best P 1 to Invest Top IPA Awards. Source: Site Selection Magazine
AICEP is one of the Top 10 TO P ONE - S T O P S H O P Investment Promotion Agencies in 10 replies to RFI - Requests For FREE OF CHARGE Information from potential investors. G O V’ T AGENCY Source: World Bank
INFORMATION CONTACTS INCENTIVES & GRANTS
LOCATION HUMAN RESOURCES BUSINESS PARTNERS INCENTIVES To help you find the site that AICEP will support your search of AICEP will promote contacts AICEP will analyse your suits your project, AICEP will human resources and with local suppliers and business eligibility to innovation, introduce you to multiple professional training, bridging partners that can add value R&D, production and location alternatives and contacts with Portugal’s to your project. employment incentives. bridge you with utility employment authorities suppliers. and schools.
45 INVEST IN PORTUGAL THE RIGHT PLACE THE RIGHT TIME PORTUGALGLOBAL.PT
Filipe Costa: [email protected] Olga Benquerença: [email protected] Henrique Gomes: [email protected]
Portuguese Trade & Investment Agency Office in San Francisco Economic and Commercial Section – Consulate General of Portugal in San Francisco http://en.portugalinsf.com/index.php/investir-em-portugal