ChineseBacked

Ryder Sues Chinese-Backed Truck Maker

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Ryder Truck Rental Inc. has filed a $3.7 million federal civil lawsuit alleging that a Chinese-backed truck maker failed to make good on promises to deliver hundreds of Class 5 electric vehicles, some of which Ryder said it partially paid for in advance.

In a civil lawsuit filed last month in federal court in the Southern District of Florida, Ryder said its deals with Chanje Energy Inc., a subsidiary of Hong Kong-based FDG Electric Vehicles Ltd., dated to 2017 when Ryder placed an order with Chanje for 125

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