Japan’s Itochu to buy stake in Chinese EV startup Singulato

Itochu Corporation. Photo: Reuters

Japanese trading house Itochu Corp is to invest less than 1 billion yen ($9.05 million) in Singulato Motors, a Chinese smart, connected electric vehicle startup – a deal that might lead to further partnerships with Japanese automakers and suppliers, two people familiar with the matter said on Wednesday.

Continue reading this story with a subscription to DealStreetAsia.


Contact us for corporate subscriptions at subs@dealstreetasia.com.