In 2014, he established Kenon Holdings as a spin off from the Israel Corporation.[12][13] It is a holding company primarily focused on growth-orientated businesses in the automotive and energy industries.[14] It inherited some of the investments previously held by the Israel Corporation, such as Qoros, a joint project created in partnership with Chery Automobile that manufactures automobiles aimed towards a 'young, internationally minded' market in China.[13][15][16] Other investments include Zim Integrated Shipping Services and IC Power.[13] It also includes Inkia Energy, a Peruvian energy company and subsidiary of the IC Power.[17][18] Meanwhile, the Israel Corporation retains investments in Oil Refineries and Israel Chemicals.[13]