·One car rental signed a strategic cooperation agreement with Yongda Auto

On February 16th, the national chain car rental brand, the US listed company, a car rental (transaction code: EHIC), and China's leading passenger car dealers and service providers, Hong Kong listed company China Yongda Auto Service Holdings Co., Ltd. (transaction Code: 03669.HK) announced in Shanghai that the two parties have formally established a long-term strategic partnership, which will carry out multi-level and multi-form cooperation in the fields of new car procurement, after-sales service, used car sales, auto finance, and network development. Mr. Xu Yue, President of Yongda Automobile, Mr. Zhang Ruiping, founder, chairman and CEO of Car Rental, signed a strategic cooperation agreement at the signing ceremony.
Both the rental car and Yongda Automobile are well-known listed companies. Both parties adhere to the customer-oriented professional service concept and are committed to providing all kinds of high-quality and excellent car services to consumers. In recent years, the two sides have been working closely on the sales and service of many brands of automobiles. The two sides formally signed a strategic cooperation agreement, and will learn from the service experience of the international mature automobile market, and actively explore business cooperation such as new car procurement, car rental operation, used car residual value management and targeted repurchase. Especially in the second-hand car business, the two sides will expand the country's more stable and high-quality second-hand car source through the method of bulk disposal of repurchase and marketing outlets, and accelerate the rapid development of the two outlets, and build a closed-loop ecology of the car rental industry. Circle to improve the overall service level of the industry.
Mr. Zhang Ruiping, founder, chairman and CEO of Car Rental, said: Yongda Automobile has a number of internationally renowned luxury car brands and has a complete automobile sales service industry chain. Yongda Auto has always regarded service as its own product, which coincides with the core values ​​of “caring for service”. This will help the future cooperation between the two parties and help the two sides to establish a more “moat”. A strong partnership of meaning. In the future, whether it is a personal self-driving business or a long-term business, it can generate more chemical effects with Yongda Auto, and help to explore a new model of industrial cooperation, bringing "1" to both customers. The value of +1>2" is presented.
Mr. Xu Yue, President of Yongda Automobile, said: As one of the largest comprehensive vehicle service providers in China, Yihao Car Rental has rich industry experience and perfect service system. It is the largest car rental brand in China. At present, Yongda Automobile has a long-term and close business cooperation with Yilong Car Rental. We are very pleased to sign a strategic cooperation agreement with a rental car. The two sides will join forces, share resources and complement each other's strengths, further bring into play the synergy effect of the industrial chain, and generate more opportunities for innovation and integration. In the future, the two sides will cooperate and explore in various aspects of automobile finance, automobile after-sales service and their respective rich channels and outlets to jointly promote the development of automobile service mode and bring more high-quality service experience to consumers.

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