New startup Singulato zips into a fairly crowded scene, easily raising lots of funds as China makes smart, connected cars a priority. The government clearly sees the sector as a way to challenge established global automakers.
LITTLE-KNOWN Chinese electric car startup Singulato Motors is expected to raise around US$600mil in a second fundraising — the latest such move illustrating China’s headlong ‘gold rush’ into all-electric battery cars.
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