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Electric car company deal

Better Place, the electric car infrastructure company, announced its first deal with an automaker in China, potentially the biggest future market for battery-powered cars.

The US company signed with Chery Automobile, China’s biggest independent automaker, to develop prototypes for electric vehicles to be used in regional state-sponsored pilot projects.
The cars will have switchable batteries that can be removed and replaced with recharged ones at swap stations of the type Better Place is building in countries including Israel and Denmark.
Financial Times reported that Better Place believes that electric vehicles will be accepted on the mass market only if its batteries can be decoupled, making the cars cheaper and easier to drive on long trips.

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