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Chery Riich M1 EV - Click above for a high-res gallery

Less than two weeks after Chery unveiled its first electric car (above) comes news that the joint venture the Chinese car maker has with Israel Corporation Ltd. is set to speed up. The holding company belonging to the Ofer family, which has $100 million or so invested in Better Place, has said that, although it will pare down its investment, it will also speed things up. When we had reported about the deal a little over a year ago it was "only" worth $225 million but apparently it had grown to $

China's largest independent automaker, Chery, has "unveiled" their first electric car. Called the S18, the small 4 door appears to be the a battery-operated version of the S18/QQ2 first shown to the world at last year's Beijing Auto Show. The in-house design features lithium iron phosphate (LiFePO4) batteries with enough range to roll up to 150 km (93 miles), while its 336 volt system can allow the 40 kW (53.64 hp) motor to take it up to the dizzying speed of 120 kph (75 mph). Plugged into a 220

Chery Motors first came to the worlds attention a few years ago when one of the first products, the QQ mini-car turned out to have a rather startling resemblance to the Daewoo Matiz which was being sold in China as the Chevy Spark. It turned out on closer examination that the components on the QQ and Spark were actually interchangeable. This sparked (forgive the bad pun) the ire of General Motors which attempted to sue Chery both for stealing the design of the car and too closely copying the Che