Hertz Global EV initiative expands to China

The Hertz Corporation (Park Ridge, N.J., U.S.A.), a car rental company, last week announced the expansion of its Global Electric Vehicle (EV) initiative to China, marking the first EV rental service to be offered in the country.

Hertz now offers EVs across the U.S. in cities including New York, Washington, D.C., San Francisco, Los Angeles, and in London, United Kingdom and other cities in Europe.

The expansion involves Hertz forming an alliance with GE Industrial Solutions in China to develop a new business model to market EVs. According to the company, Hertz and GE Industrial Solutions will bundle EV leasing and charging facilities as a package, which will be offered to multinational companies and government agencies to promote new energy applications. Both Hertz and GE Industrial Solutions will market the package together as business partners, according to the companies.

Hertz also signed an agreement to participate in the China International EV Pilot City to help develop an EV rental program by building out the infrastructure across the Jiading district of Shanghai. According to Hertz, this will act as the starting point to make EVs accessible to corporations, local government and the general public.

Earlier this year, Shanghai was selected as the electric vehicle international pilot city by the Chinese government and Jiading district of Shanghai as the electric vehicle international demonstration zone, with a goal of increasing public awareness and integration within the industry.

Additionally, Hertz launched a partnership with BYD, the largest Chinese local auto brand, to combine electrical vehicle sales and leasing as a mobility service for MNC and government agencies in metropolitan Chinese cities, according to the company.

"China has committed to rapidly expand electric vehicle travel," said Mark P. Frissora, Hertz chairman and chief executive officer.

Other current partners of the China International EV Pilot City include auto manufactures, energy suppliers, insurance companies and the other EV supply chain participants. According to Hertz, it is the first rental car company to sign a MoU to become a partner of the China (Shanghai) International Electric Vehicle Pilot City. The agreement supports the Twelfth Five-Year Plan objective for the promotion of EVs in China.

ArticleTools

Featured Big Data Reports

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Telecom Carrier Big Data Operations, Applications, and Services
Telcos have a major advantage in that they have many sources of data but if they want to monetize that data and derive meaningful, actionable analytics it could be challenging due to the complexities of correlation, prediction, and the massive volumes of data from different sources.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

 

Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...