Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
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BEIJING (Reuters) - 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. It will also gain a bird's-eye view into how Chinese EV startups operate and the strategies..