A Singaporean startup is looking to break into China’s overcrowded electric vehicle market by developing refrigerated electric trucks for delivering pharmaceuticals and food. Singauto Technology recently completed a $20 million initial funding round with investors and is poised to reveal its electrified cold storage truck at an upcoming Beijing event.
China’s electric vehicle market is the largest on the globe and currently boasts a 23% electric vehicle share. Thanks to significant financial support from the…
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