JTA NEWS
20 November 2019 - 23 Heshvan 5780 - כ"ג חשון ה' אלפים תש"פ
JTA NEWS :
Business
Israel to import electric cars and motorcycles from China E-mail

Chinese electric cars will be sold for the first time in Israel starting in the first quarter of 2020, as an Israeli dealership will offer models of GAC Motor, China’s leading auto maker.

The Israeli importing company of GAC electric cars will be a new subsidiary of Union Group, an Israeli Toyota car importer located in Tel-Aviv.

Other electric car models of Chinese carmakers MG Motor, JAC Motors and NEVS are also expected to enter Israel next year according to local media reports.

Chinese vehicle maker CF Moto has also entered the Israeli market with motorcycle models through local vehicle import company, Ofer Avnir.

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Philippines and Israel sign agreement on solar -power plant project E-mail

The Philippines’ Department of Agriculture (DA) has closed a deal with the Israeli government for a PHP44-billion loan to complete a proposed solarpower plant project. This plant should effectively support farmers in the country by boosting their agricultural efficiency.

Emmanuel Piñol, Philippine Agriculture Secretary, and Rafael Harpaz, Israel’s Ambassador to the Philippines signed an Implementing Agreement on Agricultural Cooperation at the DA Central Office in Quezon City, Manila, in July. It is the long-awaited result of a series of talks between the two countries, which began during Philippine President Duterte’s visit to Israel in 2018.

The signed document details the “establishment of solar powered irrigation systems all over the country, funded by a long-term loan of PHP44-B being offered by the Israeli government,” Piñol stated.

This loan enables the construction of 6,200 units of computerised solar-powered irrigation systems, intended to irrigate 500,000 hectares of rice farms and other high-value agricultural products over the next three years. These units will be monitored by the DA Central Office via a digital system, allowing the office to observe their performances remotely.

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Elbit Systems awarded an upgrade contract in Asia E-mail

Israeli defense electronics company Elbit Systems announced in August that it has been awarded a contract worth US$80 million to upgrade tanks and supply radio systems for an army in a South East Asian country.

The contract will be carried out over a period of 32 months.

Under the contract, the company will supply fire control systems as well as electric gun and turret drive systems for tanks, and provide advanced radio systems from their successful E-LynX family of radios. These shall be available in several configurations, including hand-held and man-packed radios for infantry soldiers, and vehicular radios for armoured fighting vehicles.

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IAI enter into further agreements with Indian Navy E-mail

Israel Aerospace Industries (IAI) announced in July that it has entered into an agreement to provide the Indian Navy and MDL Shipyard with complementary Naval MRSAM (Medium Range Surface-to-Air Missile) systems worth US$50 million.

IAI general manager Boaz Levi claims their “Partnership and strong relationship with the Indian Navy is reflected in all [our] activities. Only recently we have successfully completed a multi-system trial in India that demonstrated the advanced technological centralised management capabilities of the air defense system to the utmost satisfaction of our Indian partners. This contract is a breakthrough, as it advances us from system development and delivery to looking after the operational needs of our customers.”

The MRSAM family is an operational air-defense system used by the Israeli Navy as well as by India’s naval, air, and ground forces. It has been uniquely developed by IAI in collaboration with Israel’s Ministry of Defense, India’s Defense Research and Development Organisation (DRDO), IAI’s Rafael Advanced Defense Systems Ltd., and additional companies in India and Israel.

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First Israeli Diamond Week in Shanghai held E-mail

A new era of cooperation between the Israeli and Chinese diamond industries was launched when the first Israel Diamond Week opened in Shanghai on 16 July.

Jointly organised by the Israel Diamond Exchange (IDE) and the Shanghai Diamond Exchange (SDE), the event took place at the SDE from 16 – 18 July. The SDE, headed by President Qiang Lin, hosted a delegation led by IDE President Yoram Dvash, more than 15 prominent Israeli diamond companies as well as the President of the World Federation of Diamond Bourses (WFDB) Ernie Blom. This was the first time that Israeli diamantaires have been officially invited to exhibit their goods to SDE members.

The event included a daylong seminar entitled the China- Israel Diamond Forum, which discussed the role of technology, e-commerce, and branding of natural diamonds in promoting the industry.

A signing of a memorandum of understanding between the Israeli and Chinese counterparts marked a deepening of ongoing cooperation between the parties. The Israeli delegation also embarked upon visits to diamond jewelry manufacturing facilities in the area, as well as social and networking events.

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