Charles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon SongCharles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon Song
Charles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon Song

China’s largest car rental agent halts trading in Hong Kong, as shares plunge amid scandal at chairman’s associate company

  • Car Inc’s shares drop 54.4 per cent to HK$1.96 before trading is suspended
  • Disgraced Luckin executive worked at rental company and related firm for a decade before joining in 2018
Topic |   Autos
Charles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon SongCharles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon Song
Charles Zhengyao Lu, the founder of Car Inc and UCar Inc, is a chairman and angel investor in Luckin Coffee. Photo: Simon Song
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