JTA NEWS
24 February 2020 - 30 Shevat 5780 - ל' שבט ה' אלפים תש"פ
JTA NEWS :
Business
Eviation electric plane maker acquired by Singapore group E-mail

Singapore-based Clermont Aerospace announced it has acquired a 70% stake in the Israeli startup electric plane maker Eviation, the developers of electric commuter aircraft Alice.

Clermont Aerospace, part of the international Clermont Group, will task subsidiary magniX with building the electric engine for Eviation’s Alice commuter aircraft, which was unveiled last June at the Paris Air Show.

The streamlined plane, scheduled for commercial use by 2022, is designed to transport nine passengers up to 650 miles– approximately the distance from London to Zurich, or New York to Detroit.

Eviation CEO Omer BarYohay said that 2019 “has been a pivotal year for everyone at the company – we debuted our first electric airplane, announced a partnership with magniX, and secured our first commercial contract with Cape Air. Clermont’s investment and expertise in business-building will enable us to accelerate our growth and take Eviation to new heights.”

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MMSU and Israel to partner in academic agricultural research E-mail

Mariano Marcos State University (MMSU), located in Ilocos Norte on the Philippine island of Luzon, will collaborate with Israel to conduct activities in line with academic enhancement programmes and agricultural research.

In a meeting held on 3 September, Israel’s Ambassador to the Philippines Rafael Harpaz said that aside from cementing these plans, the meeting also aimed to find more common grounds to nurture a strong relationship between the Israel and the MMSU.

Harpaz said he longed to visit MMSU when he was in Manila “since the day I heard about MMSU president Shirley C. Agrupis’ leadership when she assumed office two years ago.”

Ambassador Harpaz said he wanted to focus on commercial technologies that can build startup technologies in smart agriculture in the Philippines, effectively mitigating climate change.

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Defense contractor Rafael opens a new facility in India E-mail

In late August, Astra Rafael Communication System (ARC), a joint venture between Astra Microwave and Rafael Advanced Defense Systems, inaugurated a new facility at Hardware Technology Park (Hyderabad, India).

Spanning more than 1,850 square meters, the facility shall meet the joint venture’s aims to combine technological ability, indigenous manufacturing, and Rafael’s technological expertise to support the requirements of the Indian Armed Forces.

Rafael Advanced Defence Systems is one of Israel’s largest defence companies with 2018 annual revenues of over US$2.5 billion.

President and CEO, Yoav Har-Even said of the initiative: “Our cooperation with India is strategic. This has been demonstrated a number of times, not just in declarations, but in actions. The inauguration of the facility here today is yet another proof of Rafael’s implementation of India’s Prime Minister’s “Make in India” strategy and policy, and of our ongoing and uncompromising support for the needs and requirements of the Indian Armed Forces.”

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China’s Jiangsu Province sign hi-tech cooperation deals and opens an innovation centre in Israel E-mail

In September, China’s eastern province of Jiangsu signed 14 deals with Israel to enhance hi-tech cooperation in sectors of life science, medical devices, and smart manufacturing.

This follows the official opening of the Israel-Jiangsu Centre, tasked with a mission to further diversify China-Israel innovation.

This is China’s first provincial-level innovation centre located in Tel-Aviv, complementing the existing China-Changzhou Israel Innovation Park located in east China’s Jiangsu Province.

During the inauguration ceremony, the Israel-Jiangsu Centre signed an agreement with Israeli founding bodies the Zilker Company and Startup East.

At the inaugural ceremony, Cui Yuting, counselor of Science and Technology ceremony, expressed hope that “the Centre will become an important bridge for the innovation cooperation connecting China and Israel.

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Israel to import electric cars and motorcycles from China E-mail

Chinese electric cars will be sold for the first time in Israel starting in the first quarter of 2020, as an Israeli dealership will offer models of GAC Motor, China’s leading auto maker.

The Israeli importing company of GAC electric cars will be a new subsidiary of Union Group, an Israeli Toyota car importer located in Tel-Aviv.

Other electric car models of Chinese carmakers MG Motor, JAC Motors and NEVS are also expected to enter Israel next year according to local media reports.

Chinese vehicle maker CF Moto has also entered the Israeli market with motorcycle models through local vehicle import company, Ofer Avnir.

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