The sector of the chinese automotive never ceases to amaze us for a long time. To the over one hundred brands of cars there in the people’s Republic of China adds one more. Singulato Motors as many of the already present is a firm that is centered on the design and manufacture of cars powered by electricity. However the peculiarity presented by this firm is financed through crowdfunding.
To day of today already have a prototype built, the Tigercar P0, and now are on the hunt for younger customers who are willing to invest in the firm after buying one of their cars. Thanks to the different actions that have been carried out to raise funds for the mark has already been provisioned $ 600 million from small investors. With this amount and that they can raise in future actions want to build your first factory and give life to his project car.
According to Shen Haiyin, co-founder and executive chairman of Singulato Motors, its main partner benefactor is an investment fund managed by the municipal government of Tongling, in Anhui province. Thanks to this assistance, have established an agreement to build the new manufacturing plant situándoa in Tongling. It will be manufactured and will develop the technologies necessary to give life to their electric vehicles.
This production plant would have an installed generating capacity of about 200,000 cars per year. Initially, be built, will give employment to about 150 people. Its launch would be scheduled for within two years, and would be assembling its first electric car within a maximum of four.
By now your prototype Tigercar P0 is walking through several halls and exhibitions the length and breadth of China to continue to call the attention of the customers and thus attract more capital to the company. The founders of the company have announced that their cars will have a price very similar to the Tesla Model 3, that is to say, reaching around $ 35,000.
Will have to see how she continues this story.
Source – Reuters