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Ofer Holdings Group


Better Place to test A123 batteries in American car?

A123 Systems may (repeat, may) have lost out on being the initial supplier of Chevy Volt batteries but that doesn't mean they are down and out. In fact, it appears that their lithium-iron-phosphate batteries will have energy storage duties for the electric cars of Better Place. Or at least some of the cars. A123 recently received an undisclosed amount of investment from Ofer Holdings Group which controls Better Place backer, Israel Corp. Idan Ofer, who is chairman of both Israel Corp. and Better Place made the announcement in Australia during ... Read more →

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