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Globes: China’s SAIC to open Israel development center

Published on Feb 27 2017 // Business and Innovation

26 Feb, 2017 18:27 – Chinese car manufacturing giant SAIC is founding an R&D center in Israel for advanced auto technologies.

Shanghai Automotive Industry Corporation (SAIC) will found an R&D center in Israel for advanced auto technologies, the company announced in China. The company said that the center would focus on development and venture capital investment in “electrical propulsion, data networks, car sharing, and smart automated propulsion.” The center is part of a global plan in which the company is expanding its R&D worldwide. It recently opened a similar center in Silicon Valley….Read More>>

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