The giant Israeli holding company I.D.B. may launch its own electric car project and compete with Shai Aggasi's Project Better Place, Globes reported. Aggasi's project is being advanced in coordination with French automaker Renault-Nissan, and IDB is talking with Chinese manufacturer B.Y.D. Auto.
The Chinese company's executives said earlier this month that they intend to market an electric car in Israel and in its own country, following a meeting with President Shimon Peres.