Renault seen investing up to $1 bln in electric car (Environmental News Network)
By SolarCars | May 11, 2008
TEL AVIV (Reuters) – The head of an Israeli-backed electric car project estimated on Sunday that its partner, the Renault-Nissan alliance, would likely invest $500 million to $1 billion in the swappable-battery electric cars. “This is the cost for a three-year car program,” Shai Agassi, the founder and chief executive of California-based Project Better Place, said on the sidelines of a news …
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