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Dongfeng and Groupe PSA establish leasing JV

WUHAN – Dongfeng Motor Group Co., Ltd. (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and Dongfeng-Peugeot-Citroën Automobiles (DPCA) signed a tripartite agreement here on March 23 to create a financial leasing joint venture to offer long-term leasing solutions with or without purchase

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Mercedes-Benz Auto Finance concludes more than 100,000 contracts in China in 2015

BEIJING – Mercedes-Benz Auto Finance Ltd. (MBAFC) concluded more than 100,000 leasing and financing contracts in China in a calendar year for the first time ever, according to a statement from the company on November 26. The feat was accomplished during the third week of November, which means more than

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Ctrip leads over $100 million investment in eHi Auto Services

SHANGHAI -- eHi Auto Services, a Shanghai-based leading car rental company in China, announced today (December 20) that it has received an investment of over $100 million from Ctrip.com International Ltd., the largest online travel agency in China, and existing investors. Ctrip will become the second largest strategic

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China Auto Rental announces Cloud Strategy and partnership with David Beckham

BEIJING – China Auto Rental Holdings, Inc. (CAR), China’s largest car rental service provider, announced here on June 23 its Cloud Strategy, the focus of a five-year plan action involving implementation of technology RD, product design and service optimization. It also reached a partnership agreement with soccer star David Beckham,

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CALB likely to promote Hangzhou EV business model nationwide

HANGZHOU, Zhejiang – Henan-based lithium battery maker China Aviation Lithium Battery Co., Ltd. (CALB) aims to promote the Hangzhou EV leasing project pattern nationwide if it proves thriving, reported d1ev.com. CALB signed a deal with Zhejiang Kandi Vehicles Co. to purchase 20,000 electric cars for an EV leasing project in Hangzhou in

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