Renault, Nissan Go Electric
Renault SA and partner Nissan Motor Co. are expected to make a major commitment to develop battery-powered cars, with an eye toward producing significant volumes within three to five years.
On Monday, the two auto makers plan to announce a venture to test electric cars first in Israel and later in other cities around the world, people familiar with the matter said.
Renault and Nissan are teaming up with former SAP AG executive Shai Agassi to offer electric cars that are powered by lithium-ion batteries and would go about 100 miles on a single charge, these people said. Mr. Agassi's company would set up a network for charging and battery-replacement stations in Israel with subsidies from the Israeli government, they said.
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