A parking bay reserved for electric car charging can be seen on display in London, Britain, October 19, 2018.
REUTERS/Simon Dawson/File photo Acquire Licensing RightsSINGAPORE, Sept 18 (Reuters) - Fully electric refrigerated trucks for delivering food and pharmaceuticals are expected to give a Singapore-based startup the edge to crack into the crowded Chinese electric vehicle (EV) market.
A viable cold storage electric vehicle could be a lucrative niche for Singauto inside the Chinese EV market, the world's largest.
The constraint has slowed the adoption of pure electric trucks by cold-chain fleet operators, though automakers including Geely (GEELY.UL) and Toyota (7203.T) offer hybrid models and hydrogen-powered trucks as alternatives.
Liu said Singauto can turn profitable with sales of 30,000 trucks, in part because it has outsourced the design, engineering and manufacturing of the vehicle.
Persons:
Simon Dawson, Liu Yuqiang, Liu, China's CATL, Wang Xun, ” Wang, We're, Chen Aizhu, Kevin Krolicki, Zhang Yan, Miyoung Kim
Organizations:
REUTERS, Rights, Singauto Technology, Reuters, EV, Toyota, Shanghai, Automotive Technology, Cynergy Global Investment, Thomson
Locations:
London, Britain, Rights SINGAPORE, Singapore, Beijing, Qingdao, Southeast Asia, China, U.S, Asia