Watchmaker Hayek to Design Electric Cars

Hayek
Nick Hayek, © Swatch

The head of Swatch, Nick Hayek, intends to use the company group’s subsidiaries Belenos and Renata to establish a second stream of income by developing electric cars with vanadium batteries. After many years of work, they are said to be tested soon in China. In summer 2015, Swatch had announced its decision to stop the development of fuel cell versions and transfer activities in this field to Groupe E

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