Bangalore-based Reva Electric Car Company today said it is planning to set up an assembling plant in Iceland, and has joined hands with investment firm Northern Light Energy for developing electric vehicles for the North Atlantic island nation.

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"Iceland is being considered by Reva as a possible site for an European assembly plant," the company said in a statement without giving further details.

Under the agreement, Northern Light Energy (NLE) would be the exclusive distributor for REVA's NXR and NXG cars in Iceland, it added.

NLE has a project for 2012 to develop infrastructure and services for electric vehicles in Iceland.

Reva had showcased the NXR and the NXG during the Frankfurt Auto Fair in September, and the vehicles are scheduled for global launch in 2010 and 2011, respectively.

"The 2012 project is one of the most ambitious yet achievable transport electrification projects in the world today and we are pleased to be able to contribute our technologies and products," Reva President (European Operations) Keith Johnston said.

The company had earlier this year announced a joint venture with car major General Motors India for providing powertrain and energy management systems for the latter's Chevrolet Spark.

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