SHANGHAI, Feb. 16, 2017 /PRNewswire/ -- eHi Car Services
Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental
and car services provider in China, today announced it has entered into a
strategic partnership with China Yongda Automobiles Services
Holdings Limited (03669.HK, "Yongda Auto"), a leading passenger
vehicle retailer and comprehensive services provider in
China.
The strategic partnership will enable comprehensive
collaboration between eHi and Yongda Auto in multiple areas and
formats, including vehicle procurement, used car sales, automobile
financing, customer services and network expansion. In particular,
eHi and Yongda Auto will explore various channels for used car
sales, repurchase programs and outlet marketing, as well as
establishing an ecosystem from vehicle procurement, to car
services, to used car sales. Combining eHi's nationwide network
coverage and strong operational capabilities with Yongda Auto's
mature dealership and services, the partnership aims to integrate
resources and bring high-quality and diversified services to
customers.
"In China, Yongda Auto represents a world-renowned list of
luxury auto brands and has a well-established infrastructure
spanning vehicle procurement and sales, financing, insurance and
used car trade-in. Additionally, their commitment to outstanding
customer service aligns well with eHi's core values and corporate
culture. We believe our complementary operations and shared
commitment to service form synergies that will foster innovation
and strengthen our competitive market position," said Mr.
Ray Zhang, eHi's Chairman and Chief
Executive Officer.
Mr. Yue Xu, President of Yongda Auto, commented, "eHi is a
leading car rental and car services provider in China with outstanding brand recognition and a
broad service network. As a natural extension of our existing
business relationship, we are delighted to form a strategic
partnership with eHi. By combining our strength and resources, we
look forward to exploring areas like automobile financing and
customer services, driving the development of service models and
bringing the best-quality services to our customers."
About eHi Car Services Limited
eHi Car Services Limited (NYSE: EHIC) is one of the leading car
rental and car services providers in China. eHi's mission is to provide
comprehensive mobility solutions as an alternative to car ownership
by best utilizing existing resources and sharing economy to create
optimal value. eHi distinguishes itself in China's fast-growing car rental and car
services market through its complementary business model,
customer-centric corporate culture, broad geographic coverage,
efficient fleet management, leading brand name, and commitment to
technological innovation. eHi is the exclusive strategic partner in
China of Enterprise, the largest
car rental company in the world, and is the designated and
preferred business partner of Ctrip, a leader in the online travel
agency industry in China.
About China Yongda Automobiles Services Holdings
Limited (03669.HK)
Yongda Auto is a leading passenger vehicle retailer and
comprehensive service provider in China, focusing on luxury and ultra-luxury
automobile brands, including Bentley, Aston Martin, Porsche, Jaguar
Land Rover, BMW, Audi, Lincoln, Volvo, Infiniti, Cadillac and
Lexus, with extensive service network across China. By establishing an industry-leading
sales services ecosystem and combining online and offline
platforms, Yongda Auto is committed to providing customers with a
comprehensive range of automobile-related services through its
"one-stop shop" approach, which includes pre- and after-sales
products and services, automobile rental as well as a wide range of
other services including pre-owned vehicles, finance insurance and
leasing products, automobile finance and other related services.
Yongda Auto has received multiple honors and awards, including "Top
500 Enterprise in China,"
"China's Renowned Trademark" and
"Top 100 Automobile Dealer in China."
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. eHi may also make
written or oral forward-looking statements in its reports filed
with or furnished to the SEC, in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Any statements that are not historical facts, including
statements about eHi's beliefs and expectations, are
forward-looking statements that involve factors, risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Further information
regarding the risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
press release is current as of the date of the press release, and
eHi does not undertake any obligation to update such information,
except as required under applicable law.
For investor and media inquiries, please contact:
eHi Car Services Limited
In China:
Tel: +86 (21) 6468-7000 ext. 8742
E-mail: ir@ehic.com.cn
In the United States:
The Piacente Group, Inc.
Ms. Brandi Piacente
Tel: +1-212-481-2050
E-mail: ehi@tpg-ir.com
China Yongda Automobiles Services Holdings
Limited
Tel: +86 (21) 6302-6789 ext. 749
E-mail: chenjiaxiong@ydauto.com.cn
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SOURCE eHi Car Services Limited