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zuche.com

Founded Year

2007

Stage

PIPE - IV | IPO

Total Raised

$406.06M

Market Cap

8.46B

About China Auto Rental

China Auto Rental (CAR) (HKG: 0699) provides customers with specialized car rental services, as well as support services throughout China. The Company has a network coverage across all provinces and provincial-level municipalities of China, with service locations in major cities and major airports across the country.

China Auto Rental Headquarters Location

No. 118, Zhongguancun East Road Haidian District

Beijing, Beijing, 100098,

China

+86 010-58209888

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Research containing China Auto Rental

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned China Auto Rental in 1 CB Insights research brief, most recently on Jun 9, 2021.

Expert Collections containing China Auto Rental

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

China Auto Rental is included in 1 Expert Collection, including Auto Commerce.

A

Auto Commerce

536 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

Latest China Auto Rental News

Tenet Signs Strategic Cooperation Agreement with China's 2nd Largest Vehicle Rental Company

Jan 6, 2022

Toronto, Ontario--(Newsfile Corp. - January 6, 2022) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative Fintech and AI service provider and manager of the Business Hub™, today announced that it signed a strategic cooperation agreement with eHi Auto Services Ltd. ("eHi"). With a fleet of over 100,000 vehicles and more than 5,000 service outlets in over 400 cities, eHi ( https://en.1hai.cn/ ) ranks only behind Car Inc. on the list of China's largest car rental companies. According to Reuters, China's car rental service market is forecast to grow 60% to nearly USD$23B in 2023 from USD$14B in 2021. As one of the country's top players in the space, eHi is expected to capture a significant part of that market. Tenet will leverage its Heartbeat insurance platform and the platform's direct link to the country's top insurers to offer the various insurance products to go along with the vehicles rented by eHi. The parties will also work to develop new customized insurance products to suit eHi's specific needs, including products for electric and hybrid vehicles that are rapidly gaining in popularity as China continues to push forward its green initiatives. In addition to helping provide insurance products for eHi's car rental fleet, Tenet's partnership with eHi will also see the Company take advantage of its recent partnership with pre-owned vehicle trading platform YouCKU to allow eHi to use the YouCKU platform to buy and sell vehicles as eHi continuously refreshes its fleet. Tenet's Business Hub as always is expected to be at the center of such transactions to match buyers and sellers, to arrange for financing, payment transfer and settlement, product delivery and just about everything else related to the transactions. One unique aspect of today's announced partnership is that in some regards it extends beyond China's borders. The fact that Enterprise Holdings ("Enterprise") is one of eHi's largest shareholders and that the two companies have a strategic partnership in place that allows eHi to provide car rental services to Chinese consumers and businesses abroad, means that some services sold though Tenet in China will also extend beyond the country. Enterprise is the parent company of US car rental agencies Enterprise Rent-A-Car , National Car Rental , and Alamo Rent a Car , and Canadian car rental agency Discount Car and Truck Rentals , making Enterprise one of the largest vehicle rental companies in the world with over 10,000 world wide locations and a fleet of more than 2,000,000 vehicles. As Tenet begins to expand its operations globally, its partnership with eHi might end up paying dividends well beyond China's borders. About Tenet Fintech Group Inc.: Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence companies. Tenet's subsidiaries provide various analytics and AI-based services to financial institutions and businesses through the Business Hub™, an ecosystem where data analysis and artificial intelligence are used to facilitate transactions among its members. For more information: http://www.tenetfintech.com For more information, please contact: CHF Capital Markets Forward-Looking Statements / Information: This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth and listing plans, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109236 Sign up for Alerts Sign up to receive news releases by email for Tenet Fintech Group Inc. or all companies belonging to the Internet Technology, Technology, Banking/Financial Services industries.

China Auto Rental Web Traffic

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China Auto Rental Rank

  • When was China Auto Rental founded?

    China Auto Rental was founded in 2007.

  • Where is China Auto Rental's headquarters?

    China Auto Rental's headquarters is located at No. 118, Zhongguancun East Road, Beijing.

  • What is China Auto Rental's latest funding round?

    China Auto Rental's latest funding round is PIPE - IV.

  • How much did China Auto Rental raise?

    China Auto Rental raised a total of $406.06M.

  • Who are the investors of China Auto Rental?

    Investors of China Auto Rental include UCAR Group, MBK Partners, Baic Capital, Warburg Pincus, Hertz and 5 more.

  • Who are China Auto Rental's competitors?

    Competitors of China Auto Rental include eHi Car Services.

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eHi Car Services

eHi Car Services is a car rental company in China achieving end-to-end service delivery and management leveraging the latest information technology. With its headquarters based in Shanghai, eHi offers car rental service nationwide with branch offices located in more than 70 cities and a total of more than 500 service outlets.

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