A picture of Singulato Motors' concept vehicle Tigercar P0 at a workshop in Beijing, China, November 7, 2016. [Photo/Agencies] |
The company plans to invest in technology and build what Shen promised would be a state-of-the-art electric vehicle (EV) production plant in Tongling capable of making 200,000 cars a year within about four years.
The two-year-old start-up, that employs 140 people, plans to roll out its first product, a crossover sport utility vehicle, by late next year or early 2018.