April 15 - 16:04
242D
Toyota to sell electric vehicle technology to Singulato
Toyota is poised to sell its electric vehicle technology to the Chinese startup Singulato, according to Reuters. The report said that in return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China’s quota system for all-electric and hybrid vehicles. Singulato will be licenced to use the design of Toyota’s eQ, a battery electric microcar.
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