Better Place and Renault Delivering 115,000 Electric Cars in 2011

Electric automobile manufacturer Better Place has scored its latest coup: A deal with Renault to deliver 100,000+ electric cars to Danish and Israeli consumers.

On October 1, 2011, the largest electric car rollout in history--complete with charging stations and battery exchanges--will take place in the Middle East and Europe. Better Place and Renault, who have a long working relationship, will make 115,000 automobiles available to the public in Denmark and Israel. According to a presentation given to Deutsche Bank, the release will also include a joint partnership with General Electric.

Bringing automobiles to market has always been the weak point for all vendors of electric cars. Better Place announced earlier this month that their deal with Renault for the Israeli and Danish markets was finalized. Under the conditions of the agreement, Better Place has agreed to purchase 115,000 Renault Fluence Z.E. Electric sedans. The automobiles are manufactured in Bursa, Turkey and 660 preproduction units have already been unveiled. A separate electric compact model may also be placed on the Israeli and Danish markets. While traveling at or below the speed limit, the Renault Fluence is able to travel for approximately 110 miles before needing a charge.  read full story



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GE to buy 'tens of thousands' of Electric Cars

General Electric may jump-start the electric-vehicle industry with an order that CEO Jeffrey Immelt said will be the largest in history.

GE, whose power-generation equipment provides a third of the world’s electricity, will order “tens of thousands” of the vehicles in about a week, Immelt said in a speech in London, without giving a total or identifying a manufacturer.

Expanding the world’s fleet of electric vehicles would bolster GE as it expands clean-energy technology such as car chargers, solar panels and wind turbines. For every dollar of electric-vehicle sales, GE estimates it may get 10 cents in revenue, spokesman Gary Sheffer said.

Immelt said Thursday that half of GE’s sales force of about 45,000 will drive electric vehicles. The Fairfield, Conn., company also has a vehicle-leasing division through its GE Capital finance unit. Financial terms and other details about the order aren’t yet being disclosed, GE said.  See Full Story



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