Fluence’s quick-change battery feature failed to generate sales.
PARIS – Three months after Israel Corp. Chairman Amir Elstein said his company was patient with battery-swap subsidiary Better Place, and less than a month after Renault CEO Carlos Ghosn said battery-swapping was not the future of electric vehicles, Better Place files for bankruptcy in Israel. Better Place says in court documents it has $9.5 million in assets, owes $40 million to creditors and has spent $812 million in investors’ capital, according to the Jerusalem Post. It ...
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