Spain's Endesa, Japan's Mitsubishi seal electric car deal
Tuesday 21 September 2010
Spanish utility Endesa said Tuesday it had signed an agreement with Japanese conglomerate Mitsubishi Corporation to work together on the development of electric cars.
Under the agreement Mitsubishi will introduce its i-MiEV electric vehicle in Spain while Endesa, owned by Italy's largest power company Enel, would build infrastructure to provide power to electric cars in the country.
The two companies also aim to explore the possible expansion into the European Union and Latin America.
Earlier this month Spanish Economy Minister Elena Salgado was in negotiations with Japanese automaker Mitsubishi Motors over the possible contruction of a plant in the northwestern port of Vigo to produce parts for electric vehicles.
"Obviously we have the conditions for the plant to settle in Spain, one of the nations which is pushing the development of an electric vehicle the hardest" she said.
Spain's Socialist government has said it plans to invest 590 million euros (770 million dollars) over two years in the development of an electric vehicle and hopes to see 250,000 such vehicles on the roads by 2014.
Life & Style blogs
Meditation is touted as a cure for mental instability but can it actually be bad for you?
Anorexic actress Rachael Farrokh told by hospitals she is too skinny to treat
New Zealand 'the best country to work as a prostitute', says sex worker advocacy group
What do the emoji on Snapchat mean?
Teenager tries to buy elderly homeless man breakfast at McDonald's but is told homeless people cannot be served under 'new policy'
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Labour leadership: Battle lines are drawn as members battle over party's ideology at first hustings of the contest
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
- 1 JK Rowling horrified by Harry Potter actor Matthew Lewis's raunchy photoshoot
- 2 As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
- 3 Georgia Army veteran arrested for breaking window to save dog has charges dropped
- 4 New Zealand 'the best country to work as a prostitute', says sex worker advocacy group
- 5 Melissa McCarthy's brilliant response to one sexist question posed to her on the red carpet by a male reporter
£25000 - £30000 per annum: Ashdown Group: Graduate UI Application Developer - ...
£45000 - £50000 per annum: Ashdown Group: B2B Marketing Manager (Events, Digit...
£30 - 35k: Guru Careers: A Senior Account Manager / SAM is needed to join the ...