2017 Auto Buy Indianapolis 
China EV
JULY 30, 2019
It opened an research and development center in Silicon Valley in March of 2017. In October of 2017, Seres acquired battery startup inEVit, Inc. In November of 2017, Seres acquired the former AM General manufacturing plant in Mishawaka, IN. Buying or building a plant at such an early stage is expensive.
Setec Powerr
SEPTEMBER 28, 2022
In 2017, only about 115,000 pure electric vehicles were sold in the United States. According to a report by Bloomberg New Energy Finance, Americans will buy a total of 657,000 electric vehicles in 2021. China is the world’s largest auto market, and electric vehicle sales are expected to account for 20 percent of sales in 2022.
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