Japan's Itochu said to up stake in Chinese EV startup Singulato

Japan's Itochu said to up stake in Chinese EV startup Singulato

Itochu Corporation. Photo: Reuters

Japan’s Itochu Corp has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors to lift its stake to about 7% and plans to boost the holding if the startup meets certain conditions, two people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter