Sunday, August 24, 2008

Giant Israeli Firm May Launch Alternate Electric Car Project

August 25, '08

( The giant Israeli holding company IDB may launch its own electric car project and compete with Shai Aggasi's Project Better Place, Globes reported. Aggasi's project is being advanced in coordination with French automaker Renault-Nissan, and IDB is talking with Chinese manufacturer BYD Auto.

The Chinese company's executives said earlier this month that they intended to market an electric car n Israel and in its own country following a meeting with President Shimon Peres.

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