eHi will serve as an official vehicle services provider for China's central government agencies and subordinate units for 2015.
SHANGHAI – eHi Car Services Limited (“eHi” or the “Company”) (NYSE: EHIC), a leading car rentals and car services provider in China, announced that it has been named an authorized services provider by the Official Vehicle Rental Services Procurement Project of China’s Central Government Procurement Center and the CPC Center Committee Department. As a result, eHi will serve as an official vehicle services provider for China’s central government agencies and subordinate units for 2015. The company will provide car rentals nationwide under both short- and long-term agreements.
“This opportunity stems from the central government’s recent initiatives to better allocate resources and improve the way state offices make use of official vehicles,” said Ray Zhang, eHi’s chairman and chief executive officer. “As China’s central government offices liquidate more of government-owned vehicle fleets and make greater use of rental vehicles, eHi’s comprehensive mobility solutions will support government efforts to improve resource sharing across state departments.“
Colin Sung, eHi’s chief financial officer, said, “eHi met the stringent requirements of the services procurement project by virtue of its experience in meeting the transportation needs of Fortune 500 companies and through its demonstrated commitment to quality service. We look forward to supporting the government’s efficiency drive in this first year of what is planned as a three-year campaign.“
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