israeli electric car maker eyeing partnering with gm
Last Updated : GMT 06:41:18
Arab Today, arab today
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

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday