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According to Apollo Power, this is a relatively low transaction at this stage and in the amount of several tens of thousands of euros, when after the installations and performance tests it will be decided whether the contract between the parties will be extended. At this stage it does not include the granting of any right to exclusivity.
Apollo Power solar sheet Photo: Apollo Power
CEVT belongs to the Geely Group, which owns, among other things, the Geely Polestar, Proton, Lotus car brands, as well as Volvo vehicles.
Oded Rosenberg, CEO of Apollo Power, said that “this feasibility study is added to our existing automotive activities with the Volkswagen Group through our activities with Audi and the innovation center of the Renault, Nissan and Mitsubishi Groups in Israel.”
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