DST Car

DST, a logistics-focused electric vehicle (EV) fleet manager, has filed for an initial public offering (IPO) in Hong Kong. Over 75% of its managed EV fleet consists of co-developed vehicles, indicating a focus on customized or proprietary EV solutions for logistics operations.

Jun 2026Hong Kong BusinessNews article

DST Group submits its Hong Kong IPO prospectus, focusing on asset operation management services for China’s road freight electrification. The company leverages battery charging/swapping networks, intelligent logistics platforms, and nationwide service infrastructure to support digitalization in the sector. Growth stems from expanding ecosystem partnerships and operational scale in China’s transitioning freight industry.

Jun 2026ACN NewswireNews article

DST Electrical Vehicle Rental secures **US$80 million** in new funding to accelerate its expansion. The Ikea-backed operator focuses on new energy vehicle (NEV) rentals in China. The capital will support scaling operations and potentially entering new markets.

Dec 2023South China Morning PostNews article

DST, a leading Chinese company in new energy vehicle (NEV) fleet management, secures an $80 million funding round. The capital injection marks one of the largest private investments in USD for a Chinese firm in 2023. The funds will support expansion and innovation in fleet electrification solutions.

Dec 2023PR NewswireNews article