"Renault will produce an electric car for us, and it will become available commercially starting from 2011," said Shai Agassi today at the dedication ceremony for the Project Better Place electric car venture at the President's Residence.
The Renault-Nissan Alliance is expected to play a technical role in the development of the electric car, based on the Megane saloon, and will reportedly invest $150-300 million. The production, however, will not be located in Israel.
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