Chinese EV Market

DST Raises $100 Million In Series C Funding Round

Chinese electric vehicle logistics provider, DST Car Rentals has announced that it has closed its latest round of investment for Series C funding. This final round of investment has raised a total of USD 100 million. The investment was led by the Ingka Investments (part of Ingka Group), followed by SMRT Ventures, China Securities Investment […]

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Chinese EV Maker NIO Recalls 3,803 Vehicles Over Faulty Battery Issue

China’s Electric carmaker NIO has recalled 4,803 cars after three separate incidents of its cars were involved in fire incidents The Chinese Automaker NIO has recalled 4,803 of it’s flagship electric vehicles following a handful of battery-safety incidents, the State Administration for Market Regulation said in a statement: “The power battery pack used in the vehicle within this […]

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