Photographer: Zhang Peng/LightRocket via Getty Images

Tencent-Backed Electric Carmaker Seeks Investors for 2020 Debut

  • Future Mobility plans to sell cars in U.S., Europe and China
  • Company is seeking investors in first funding round, COO says

Future Mobility Corp., the Chinese electric-vehicle company backed by Tencent Holdings Ltd. and Foxconn Technology Group, plans to complete its first round of financing in the third quarter as the carmaker targets selling its first model by 2020.

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