Shenzhou Car Rental Co., Ltd. officially announced that the company's English name will be from China Auto Rental Inc. Renamed to CAR Inc., the Chinese name will remain unchanged.
Shenzhou Car Rental is a leading company in the Chinese car rental industry. According to information from third-party agency Roland Berger, China Car Rental is far ahead of its competitors in terms of fleet size, dot coverage, market share and brand value.
For this change of name, Lu Zhengyao, Chairman and CEO of China Car Rental Board, said that “the development strategy of China Car Rental will not only stabilize the absolute leadership position in the car rental field, but also further widen the gap with competitors, and will continue to carry out products and technologies. Innovation and the extension of the industrial chain. Compared with the mature markets in Europe and America, China's automotive aftermarket has just started. In fact, China's car rental has already laid a good job in the areas of car sharing, used cars, financial leasing, and car maintenance. Foundation, I believe that the future will definitely make a difference in these areas. The name change is not only a simple combination of the original letters of the original company's English name, but also reflects the confidence and determination of the car rental market in China.
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