Renault Nissan to Invest in Israeli Electric Car Project

Agassi plans to scatter charging stations throughout the countries that choose to join the ambitious project. Moreover, it would work together with local entrepreneurs in each area, and would also cooperate with car manufacturers, battery makers and private entrepreneurs.

Published: 13-Jan-2008

Carlos Ghosn, the president of the French-Japanese car manufacturer Renault Nissan, is expected to visit Israel on January 21, and take part in the inauguration event of the Israeli electric car enterprise.

Ghosn is expected to announce that his company will invest in the enterprise, which is led by the Israeli entrepreneur Shai Agassi, and set up a major development center in Israel.

Agassi's endeavor seeks to establish an infrastructure to cater for hundreds of thousands of environment-friendly electric cars, which will gradually replace petrol- and diesel-fueled cars, whose environmental effect is devastating.

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