China NEV start-up Singulato to invest $2.39 billion in Suzhou: Xinhua

(Source: Reuters.com) Singulato Motors, established in December 2014, covers businesses including NEVs, intelligent vehicle systems, and car networking services based on big data and cloud computing, according to its official website. China began promoting electric cars in 2009 and aims to become a dominant global producer as it bids to …