israeli electric car maker eyeing partnering with gm
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Israeli electric car maker eyeing partnering with GM

Arab Today, arab today

Arab Today, arab today Israeli electric car maker eyeing partnering with GM

Occupied Jerusalem - XINHUA

The incoming CEO of Israel's Better Place electric car initiative said Wednesday that the Herzliya-based firm may partner with American car making giant, General Motors. Better Place, which went public in 2007, has established a national network of battery recharge points and carwash-like automated swap out stations. Motorists pay for the charge or replacement battery via a cellphone package-like subscription plan. Better Place "will focus on strengthening partnerships with carmakers and the big banks, and establishing new partnerships," Evan Thornley said, according to the Globes business newspaper. Thornley, who joined Better Place Australia in 2009, replaced founder Shai Agassi, who stepped down in recent days but will continue on as a "shareholder and director," according to a parting letter to employees. Agassi's ambitious dream was to change the world's more than 100-year-dependence on fossil-fuel-powered transportation. Although the firm has begun rolling out several hundred of it's battery-powered Renault Fluence ZE sedans, and has already opened several dozen stations and emplaced hundreds of recharging pillars at strategic locations, so far, Better Place has lost close to 500 million U.S. dollars, according to the Ynet news site. The firm lost 132 million U.S. dollars in 2012, the previous year was 74 million U.S. dollars. "I don't think that (Agassi) implemented everything perfectly, which is why we're here now," Thornley said, adding that the company is weighing cutting prices, in addition to a government tax-cut, meant to boost sales of the new technology. Since its inception, the company has also tested out its vehicles and recharge facilities in Australia, Denmark, Japan and the United States. "Better Place has done the big things. We built the network. That is Shai Agassi's legacy," Thornley said at a press conference. "The big things have been done and they work. We're now learning from our customers. That's the company's next step which we will focus on." He noted that the firm is planning to complete round of financing "soon," and added that they expected to "hold an IPO at some time in the future. I see that being in the long term. My aim is to build a good company."  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israeli electric car maker eyeing partnering with gm israeli electric car maker eyeing partnering with gm

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israeli electric car maker eyeing partnering with gm israeli electric car maker eyeing partnering with gm

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday