ISRAELI AUTOMOTIVE INDUSTRY HIGHLIGHTS
Innovation, Software Leadership and Advanced Technologies / Full Product Support / Geographic Location / Experience and Working Relationships
INNOVATION, SOFTWARE LEADERSHIP AND ADVANCED TECHNOLOGIES
The Israeli industry is known worldwide for its ability to develop new, cutting-edge solutions for existing and emerging global needs. Consequently, many companies, such as General Motors and Daimler have R&D centers in Israel. GM has been active for the last ten years and since 2016 is in the process of expanding its operations in Israel. Other major international companies choose to invest and partner with Israeli based companies developing innovative technologies. An example of such investment during the year of 2017 is of the leading auto industry supplier Delphi Automotive which invested and partnered with Innoviz, a company developing LiDAR sensors to support the development and deployment of autonomous driving. In addition, companies such as Ford have permanent scouting offices in Israel, which constantly seek relevant developments. Other companies send representatives to conferences and events as well as make other visits to Israel for this purpose.
FULL PRODUCT SUPPORT
The various manufacturing companies in Israel support product development cycles from the initial design phase to final production. This is a significant capability, with unique advantages over the low cost mass production that is available in other markets.
GEOGRAPHIC LOCATION
Israel is conveniently located between the Far East and western European markets. In addition, Israel has signed free trade agreements that facilitate commercial activity between it and many other countries and regions, such as the EU, US, Mercosur (countries in Latin America), EFTA (Iceland, Lichtenstein, Norway and Switzerland), Turkey, Mexico, Jordan and Egypt.
EXPERIENCE AND WORKING RELATIONSHIPS
There are many local manufacturers that have supplied components and parts to large international corporations for decades. These long-standing business relationships have built confidence and close cooperation with international companies, and are an important consideration when selecting suppliers and ordering parts.
