China’s electric car start-ups turn to private equity, venture capital for funds as they are turned away from Shanghai’s Star Market

China’s cash-hungry electric vehicle (EV) start-ups, are actively looking to private equity and venture capital for funding, as they seek alternative financing sources in the face of tougher thresholds for initial public offerings (IPOs) on Shanghais Star Market.Evergrande New Energy Vehicle Group, Geely Automobile and WM Motor Technology were three of the most recent assemblers of electric cars to be turned away in recent months from Star Market, as the Nasdaq-like market – set up in July 2019…


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