Israel Corp, China's Chery working on $225m deal
Israel is the quiet dark horse of the new global electric car market. Maybe. Following hopeful EV announcements late last year from Project Better Place and Israel Corp (both tied to Shai Agassi), AME Info reported recently that Israel Corp. will work with Chinese automaker Chery on a $225m deal (45 percent stake to Israel Corp, 55 percent likely to Chery). The question is whether or not this deal involves EVs. All the sources I can find just say that Chery will build cars in Israel. At the very least, I'd guess these cars will be eco-mindful. Details we'll have to wait on, but AME puts it this way: "news of the deal was announced shortly after reports of an ambitious plan to put 10,000 electric cars on Israeli roads by 2010." Interesting, no?
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[Source: AME Info]
Reader Comments (Page 1 of 1)
Domenick 10:49AM (1/08/2008)
You'd think they'd include the electric car detail in the press release. It would be an important element of the deal.
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Noz 4:36PM (1/08/2008)
Maybe all the evangelical freaks can now move to Israel and join them in their electric car venture....take your "Support the Troops" badges on your SUV's with you and good riddance.
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