Better Place, the electric car manufacturer which partnered with Renault (RNSDF.PK) five years...

Better Place, the electric car manufacturer which partnered with Renault (RNSDF.PK) five years ago to devise a better system for electric vehicles involving charging stations and battery swap locations, applies for an "orderly liquidation" in an Israeli court after the business failed to catch on. The company, valued at more than $2.25B two years ago, admitted that "after a year's commercial operation it was clear that…the public take up would not be sufficient." Shareholders include GE, Morgan Stanley, and HSBC.
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Comments (3)
  • Continental Kid
    , contributor
    Comments (239) | Send Message
    the TSLA guys will say ...its different this time....
    26 May 2013, 09:36 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1573) | Send Message
    Battery sharing does not work. I hope the tesla ppl keep this in mind. Batteries are expensive and can be bad. Would you give up your $15,000 battery for another battery that may be worth $500 scrap value?


    People like owning things. Battery sharing will not be successful until batteries get much much cheaper.
    27 May 2013, 12:08 AM Reply Like
  • keithrez
    , contributor
    Comments (191) | Send Message
    I think you both are a bit mistaken. First, regarding Tesla, even if they did bring some sales forward, they actually achieved quarterly operating profit. Better Place is 100s of millions of $ in the hole, and they are trying to sell in a country with absolutely no critical mass.
    With Tesla (and I am not long but kicking myself for not buying the calls 60 points earlier, but the premiums were so expensive), it IS different. Not only have they achieved operating profit, but they won Motortrend Car Of The Year!! That is not insignificant.


    Regarding the batteries, it isn't as if you remove the battery, go to the flea market and exchange it for another. Better Place built stations that look like car washes, and there is a machine that switches the batteries.


    I hope Tesla the company continues to advance (even if I don't own the stock), bc for too many decades this technology has been sitting in the r&d departments not being used, simply bc it had the potential to be too disruptive to the gargantuan profits of the status quo.
    27 May 2013, 05:57 AM Reply Like
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