Big market: An electric car charging at a charging station in Beijing. There are now 487 EV makers in China, according to the latest official tally, and most are brand new. — AFP
OFFICIALS in the old mining town of Tongling, China, knew almost nothing about electric vehicles (EVs) when they gave a startup US$535mil in land and capital to build an electric-car plant there two years ago.
The startup, Singulato Motors, was founded by a group of tech professionals led by a former Internet-security executive who had never run a car company before.
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