Saturday, July 30, 2011

Delayed Joule project seeks R9bn to produce market-ready vehicle

"Optimal Energy is seeking around R9-billion to commercialise its home-grown Joule electric vehicle (EV). This includes developing the final product, and securing a local production facility, says CEO Kobus Meiring.

“We are getting there – slowly, but surely,” he notes.

Meiring says it was vital for the Joule project to remain on government’s books, so to speak, when its industrial policy action plan was fine-tuned recently." Engineering News

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