Renault-Nissan could invest USD 1 billion on electric car project
May 12th, 2008 Leave a comment Visited 38 times, 2 so far today
Renault-Nissan could invest USD 1 billion on electric car project
California-based Project Better Place has said that their partner Renault-Nissan could invest as much as USD 1 billion dollar on their planned electric car project.
Renault and Nissan have a deal signed with Better Place to develop electric cars for mass production.
The group’s aim is to develop cars powered by alternative energy sources.
Better Place is planning to establish their first electric grids in Israel and Denmark and it should start taking place within 2 years time.
Moshe Kaplinsky, CEO of Better Place said in a statement: “We are not operating in a climate of indifference. The Israeli public is interested in what we are doing. We need to stop our dependence on oil.”
automobiles, Better Place, Cars, Electric Cars, Nissan, Renault
Manuj Kumar
Category: Automotive News
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