Thursday, November 12, 2009

NLE, RECC sign agreement to develop electric vehicle market in Iceland



The Reva NXR will go on sale in Iceland in 2010, followed by the NXG in 2011-12

Northern Lights Energy (NLE) and the Bangalore-based Reva Electric Car Company (RECC) have signed an agreement to jointly develop the electric vehicle market in Iceland. NLE will also have exclusive distribution rights for the Reva NXR in Iceland, which will go on sale there by mid-2010.

RECC is considering the possibility of setting up its manufacturing facility in Iceland, from where it will supply its electric cars to various European countries. ‘Iceland, with its advanced electric grid technology that uses 100% renewable energy in electricity production is a perfect location for zero-emissions electric vehicles,’ says Gisli Gislason, the Chairman of NLE.

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Sameer Kumar, Editor - India Automotive
Sameer Kumar, Editor - India Automotive
Sameer has worked as an automotive journalist for the last 10 years. He was the Road Test Editor at Business Standard Motoring and Executive Editor at Indian Auto, Auto Monitor, CAR India, BIKE India and Commercial Vehicle (CV) magazines. More details on LinkedIn

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