The company announced that board members have approved the construction of a “purpose-built advanced” manufacturing plant in the island state, which is set to be completed in 2020. Singapore also offers access to high-growth markets as well as an extensive supply chain and a highly skilled workforce,” Singapore has a comparatively high cost base, but also great technology expertise and focus. It is therefore the right place to make high-quality technology-loaded machines, and the right place to make our electric vehicle.”