Singularity Motors burned through 10 billion yuan in ten years, and its first vehicle could not be mass-produced

Singularity Motors, as one of the earliest new car-making companies in China, was established at almost the same time as Xpeng Motors and NIO. However, despite investing tens of billions of yuan, Singularity Motors' first vehicle was still unable to achieve mass production. The company’s founder, Shen Haiyin, has extensive market experience and has worked at 360 and Kingsoft Software Group.