This country is the new hot spot of the auto industry
Manufacturers from Hyundai to GM are flocking here in search of the latest tech.
The United States, Japan, Germany, Italy – these are the places that come to mind when you think of car industry trailblazers. And now, as cars become more automated and increasingly rely on technology, another player is rising fast: Israel.
According to ZDnet, nearly all the large Japanese manufacturers have a presence in Israel, mostly in and around the country's tech hub, Tel Aviv. Many European car makers also have a presence here in the form of research and development centers. America's General Motors, which is tripling the size of its Israeli R&D center, continues to rely on the country's ingenuity to develop technologies for projects such as its "car of the future," the EN-V.
So why are these behemoths gravitating towards this Mediterranean country? A couple of reasons.
Tel Aviv is a world leader in mobile app development, a form of technology drivers rely on and expect their vehicles to either be equipped with or easily support. In fact, two apps which are more-or-less standard in every vehicle now are Waze and Mobileye – both based in Israel.
Security is another big issue for the car industry, and here too Israel is an industry leader. Israel's Argus Cyber Security is one of the first companies in the world to provide software for car security.
Add to all this the fact that Israel is also a world leader in driverless cars and new fuel technology – the country recently signed a deal with Fiat Chrysler Automobiles, Iveco, and Magneti Marelli for cooperation in the development of natural gas-based technologies – and it's easy to understand why the automobile industry is flocking to its Mediterranean shores.
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