Since the day of the legendary Sussita, Israel has played a very small role in the global auto industry. Today, about six decades later, it is becoming a worldwide powerhouse in the automotive scene. The main reason is that in the digital era, vehicles are not only about engine and design, but about electric, autonomous and smart mobility, area in which Israeli companies excel.
The rise of the Israeli auto-tech industry is our focus area for this edition of Doing Business in Israel. KPMG’s Global Head of Automotive, Dieter Becker, explains the growing interest of leading auto manufacturers and tech giants in Israeli innovations and technologies, which may provide cars with added value.
More in this edition: Although August is known as a slow month for business, the Israeli high-tech exit arena was anything but slow during the past month. We will update you about the latest transactions, including the largest Pharma exit in the country’s history.
Our innovation section reviews a revolutionary discovery made by Israeli scientists that regenerates damaged hearts, and this month’s cultural bite visits a haven for music enthusiasts in a serene and scenic part of Jerusalem.