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Reuters exclusively reports Toyota sells electric car technology to Chinese startup

Reuters exclusively reports Toyota sells electric car technology to Chinese startup

Reuters reported exclusively that Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China’s new quota system for all-electric and plug-in hybrid vehicles