BYD Auto and Hertz, the world’s largest car rental company, inked a deal in Shenzhen on August 26 on jointly launching electric car rental services in Chinese cities. According to Wang, Jie, General Manager of BYD’s Green Public Transport division, Hertz will initially deploy two units of the all electric BYD E6 in every city where it operates, and in Shenzhen, home to BYD, the E6 rental cars will shortly start moving guests at its airport and luxury hotels. He expects the BYD-Hertz cooperation to expand as EV infrastructure improves in major urban areas.
Currently, China contributes less than 1 percent of Hertz’s total revenue. In the next five years, Hertz China aims to increase the share to 10%, according to Hu, Mao, it General Manager.
Unlike in developed markets, Hertz’s customers in China are mainly companies and institutions, especially local ventures of big international businesses, rather than individuals. The electric rental cars are expected to be mostly employed by cooperate clients.
Before the BYD deal, Hertz has reached an agreement with General Electric China on developing a EV promotion model that will combine EV charging and rental services in major Chinese cities. The company has also participated in the International EV Showcase Town program, which runs an EV test drive center in the Jiading district of Shanghai.
According to some previous reports, BYD planned to deliver only about 700 electric vehicles (not limited to the E6) this year, almost all of which would be purchased by municipal governments. The city of Shenzhen has ordered about 500 units, Changsha 100.