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.