The Israeli automotive industry consists of both veteran companies that specialize in vehicle assembly and Tier 1, 2 and 3 supply, engaging in traditional and advanced manufacturing processes, and companies that specialize in innovation, advanced technologies and facilitation of automotive manufacturing processes. The world is moving forward, and Israel is taking the lead.
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’s has been active for the last nine years, and in 2016 the company even announced its expected expansion. In addition, other 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.
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 relations
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.
1. OEMs: There are several manufacturers in Israel that assemble the final automotive product.2. Tier 1 aftermarket suppliers: Over 60 Israeli companies manufacture aftermarket products for the automotive industry. 3. Tier 1 OE suppliers: Over 50 Israeli companies supply components to OEMs and Tier 1 suppliers worldwide, using advanced technologies to manufacture various types of high-quality components that are tailored to their customers' needs.
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General Motors is an American multinational corporation that designs, manufactures, markets and distributes vehicles and vehicle parts and sells financial services.
Israel's automotive technology sector has hundreds of start-ups developing new, cutting-edge solutions for existing and emerging global needs
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