Japan's Itochu to buy stake in EV startup Singulato: sources

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.

from Reuters: Technology News https://ift.tt/2PazDp0