Hertz and GE push electric cars
By Jin Jing |
August 25, 2011, Thursday
|
Print Edition
Print Edition
AUTO rental company Hertz Global Holdings yesterday announced it will team up with GE Energy to expand its electric car leasing business into China.
The intention is to capitalize on China's electric vehicle market, though high cost and weak infrastructure remained the biggest hurdles to popularizing the technology.
Hertz will offer EV leasing to consumers and companies in Shanghai, Shenzhen and Beijing, using an initial six E6 electric cars made by China's BYD Automobile.
Under an agreement signed yesterday in Shanghai, GE Energy Industrial Solutions will help Hertz develop EV infrastructure across China - it will contribute to setting up 770 charging poles in Shanghai's Jiading District by the end of this year.
"Launching the EV leasing is not likely to boost the profitability for Hertz in China," said John Zeng, Asian automotive forecasting director at JD Power and Associates in Shanghai. "But it could help to familiarise consumers and benefit the development of the market."
China has been promoting electric vehicles as strategic initiatives to reduce dependence on oil and address environmental issues.
The intention is to capitalize on China's electric vehicle market, though high cost and weak infrastructure remained the biggest hurdles to popularizing the technology.
Hertz will offer EV leasing to consumers and companies in Shanghai, Shenzhen and Beijing, using an initial six E6 electric cars made by China's BYD Automobile.
Under an agreement signed yesterday in Shanghai, GE Energy Industrial Solutions will help Hertz develop EV infrastructure across China - it will contribute to setting up 770 charging poles in Shanghai's Jiading District by the end of this year.
"Launching the EV leasing is not likely to boost the profitability for Hertz in China," said John Zeng, Asian automotive forecasting director at JD Power and Associates in Shanghai. "But it could help to familiarise consumers and benefit the development of the market."
China has been promoting electric vehicles as strategic initiatives to reduce dependence on oil and address environmental issues.
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