Volkswagen officially enters the car rental business

Volkswagen New Power Investment Co., Ltd. recently announced that it has successfully acquired Shanghai Zhenlang Transportation Equipment Leasing Co., Ltd., officially launched car rental business in the Chinese market, and set out to establish a nationwide business network.

“Next, we plan to gradually establish outlets in key cities across the country to carry out business-oriented car rental business.” Tan Zhide, general manager of Volkswagen New Power Investment Co., Ltd. expressed strong confidence in the Chinese car rental market.

He disclosed that the car rental business provided by Volkswagen's new power will cover all Volkswagen Group brands in China, including Volkswagen, Audi and Skoda. It is reported that since Volkswagen New Power Investment Co., Ltd. was formally established in November 2011, it mainly carried out long-term car rental and after-sales service businesses and alternative travel plans, such as investment in corporate vehicle sharing and electric mobility. Value-added products are designed to provide consumers with a full range of car services.