ISRAEL: Better Place pulls the plug as EV sales stall
Better Place, the Tel Aviv-based company launched in 2007 to develop a global network of recharging stations for electric vehicles, has filed for bankruptcy. The company said in its court filing on Sunday that it has cumulative losses of US$812m, assets of US$10m and that it owes US$40m to suppliers.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable