JTA NEWS
17 February 2019 - 12 Adar I 5779 - י"ב אדר א' ה' אלפים תשע"ט
JTA NEWS :
Business
Chinese company opens Israel’s first robotic parking lot E-mail

The first robotic parking facility in Israel was inaugurated on 14 October at the train station in the city of Kfar Saba. It lifts cars to the upper floors.

The facility was established by the Israeli branch of a Chinese company, Tangshan Parking Equipment Company (TOPP), in co-operation with the Kfar Saba municipality.

With only 12 parking spaces, the facility in Kfar Saba serves as a promotional display. However, depending on their needs, customers can order a facility with up to several hundred spaces.

The cost of setting up 500 parking spaces in a regular fiveor six-floor parking lot is about US$18 million, whereas TOPP’s system costs about US$6.9 million.

So far, TOPP has established about 750,000 parking spaces in China. It has also completed projects in many countries, including China, Russia, Japan, Colombia and Australia.

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Israeli diamond industry to expand partnership in China with Alibaba platform E-mail

Israeli diamonds will now be offered for sale directly to Chinese consumers on Alibaba’s famous luxury platform, Ali Auction (paimai.taobao. com).

The Israel Diamond Exchange (IDE), which has been working with Alibaba.com for the past year on B2B diamond sales, is now expanding its activity in the Chinese market through this prestigious ecommerce site. IDE is the only diamond centre to have such an agreement with the Chinese internet giant.

The new marketing venture with Ali Auction will be launched in Shanghai at the first China International Import Expo (CIIE) from 5 to 10 November. The Israeli Diamond Industry will have an important presence with a national pavilion, located in Hall 5.1, featuring seven major Israeli companies, who will be seeking to sell their goods to Chinese diamond dealers as well as private consumers.

A major feature at the Israeli pavilion will be the launch of the joint venture of the Israeli industry and Ali Auction. IDE will offer a wide and diverse stock of diamonds, from small to large important diamonds, with a total value in the millions of dollars. The diamonds will be sold online on the Ali Auction site, offline at the pavilion and at live auctions held once a day, where buyers can place bids on specific items.

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SolarEdge acquires controlling stake in battery provider Kokam E-mail

Israeli solar energy company SolarEdge Technologies announced on 11 October that it has entered into definitive agreements to acquire a controlling stake in South Korean company Kokam, which provides lithium-ion battery cells, batteries and energy storage solutions.

Kokam provides battery solutions for a wide variety of industries, including ESS (energy storage systems), UPS, electric vehicles (EV), aerospace, marine and more.

SolarEdge founder, chairman and CEO Guy Sella, said: “The acquisition of Kokam will enable us to grow our offering, adding already proven battery storage to our product portfolio. Our technological innovation, combined with Kokam’s worldclass team and renowned battery storage solutions, will enable seamless integration with our current solutions, taking us a further step toward making solar installations smarter and more beneficial.”

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Japanese government agency to open Israeli startup accelerator E-mail

The Japanese External Trade Organization (JETRO), a Japanese governmental agency, announced last month that it will open a business centre and accelerator programme for Israeli startups.

The centre will support Israeli startups and mediate business co-operation between Japanese and Israeli companies. It will focus on support for Israeli companies in the founding stages and the expansion of their businesses to Japan.

JETRO promotes bilateral trade and investments between Japan and the rest of the world. As part of its activity, it operates the Invest Japan programme, which is aimed at helping foreign companies wishing to develop their business in Japan.

The programme offers information for foreign investors about all aspects of doing business in Japan, and provides professional consultation and temporary office space for free in large business centres throughout Japan. Under the name Global Acceleration Hub (GAH), similar Japanese centres operate at 12 sites around the world.

The GAH programme will be operated by Jakore, owned by former Rakuten executive Shintaro Hirato and former Samurai Incubate Israel CEO Yony Golan. The company represents Japanese investors and companies, while also supporting Israeli startups in the Japanese market.

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IDE appoints Eran Zini as new Managing Director E-mail

The Israel Diamond Exchange (IDE) appointed Eran Zini as its new Managing Director on 13 September.

Zini has a rich background in management positions in business and government. After serving as senior advisor to Israel’s Minister of Justice, he joined the pioneering Israeli electric car startup Better Place as head of government relations and regulation.

He holds a BA in Political Science and International Relations from the top-ranked Hebrew University of Jerusalem, and an MBA with a specialization in international management from the College of Management Academic Studies in Rishon LeZion. He is a member of the Israel Manufacturers Association and serves on the Advisory Board of the Business School of Bar Ilan University.

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