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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
