Israel's Ambassador to China Matan Vilnai, who took up his post in Beijing earlier this year, is making it his top priority to promote promising Israeli businesses in China including electric car venture Better Place. On one of his first official engagements in China, he paid a visit to the demonstration center in Guangzhou, run jointly by Better Place and the China Southern Power Grid Company.
Vilnai met with senior executives from the utility and senior officials from the province's administration and expressed Israel's support for the Israel Corporation (TASE: ILCO), Better Place and China Southern Power Grid Company joint venture, which is setting up a network of car battery exchange stations.
This topic is the focus of a technological and business controversy in China with many provinces leaning towards adopting the rapid battery recharge solution rather than battery exchange stations. Vilnai's visit to the Better Place center attracted major media coverage in China, and the ambassador also wrote of his support for the venture.
Published by Globes [online], Israel business news - www.globes-online.com - on December 25, 2012
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