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Miyoshi ups stake in electric vehicle maker

Company CEO says there is strong demand for cheaper alternative modes of transport in China's emerging cities

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The supermini-sized Nebula with its 10 kW lithium-ion battery has a maximum range of 120 km. Launched in China last month, it sells for S$12,000 there.

MAINBOARD-listed Miyoshi Precision Ltd is raising its stake in light electric vehicle (LEV) maker Green Galaxy from 5.13 per cent to 55 per cent in a bid to diversify into a higher-margin business. Its S$3 million investment comprises 32 million new shares worth S$2 million issued to joint

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