Flush With Cash, China's Electric Car-Makers Swing Into Fast Lane
Dozens of startup electric-vehicle manufacturers are benefiting from an investor gold rush spurred by government support for the domestic auto industry and new-energy transportation.
Among the estimated 20 electric-vehicle startups that have launched since 2014, the first 10 out of the gate have reportedly secured investments totaling more than 50 billion yuan ($7.9 billion).
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