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Chery Quantum Auto Co.


Chery electric car venture with Israel Corp. speeds up, slims down

Less than two weeks after Chery unveiled its first electric car (above) comes news that the joint venture the Chinese car maker has with Israel Corporation Ltd. is set to speed up. The holding company belonging to the Ofer family, which has $100 million or so invested in Better Place, has said that, although it will pare down its investment, it will also speed things up. When we had reported about the deal a little over a year ago it was "only" worth $225 million but apparently it had grown to $900 million. The new figure bandied about is a ... Read more →

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