SHANGHAI, Jan. 21, 2015
/PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company")
(NYSE: EHIC), a leading car rentals and car services provider in
China, and Ctrip (NASDAQ: CTRP), a
leading travel service provider for hotel accommodation, ticketing
services, packaged tours and corporate travel management
in China, jointly announced the expansion of their business
partnership to include deeper integration of travel products and
services for individual and corporate clients in China.
Under the expanded cooperation agreement, Ctrip will integrate
eHi's chauffeured car services, including airport pick-up and
drop-off and other business
transportation services, into its corporate and individual service
offerings. Ctrip will also feature and promote eHi's services on
its official website, mobile client application and its various
offline channels. The expanded partnership builds on the previous
cooperation agreement of the two companies which appointed eHi as
the designated and preferred business partner of Ctrip in providing
car rental services. As part of that agreement, Ctrip integrated
access to eHi's online reservation system in its Ctrip Travel
mobile application.
Ray Zhang, eHi's chairman and
chief executive officer, said, "We believe the expanded partnership
and continued integration of eHi's professional and comprehensive
car rentals and car services into Ctrip's leading online travel
platform will help enrich the travel experience and solve the 'last
mile' needs of business travelers and tourists in China. Additionally, we anticipate that the
synergies between our businesses will allow us to provide more
competitive travel products and gain access to Ctrip's user base,
which will help us grow user traffic."
James Liang, chairman and chief
executive officer of Ctrip, said, "eHi's car rental services have
been the preferred choice for Ctrip clients and this has helped
pave the way for the deepening of our cooperation. In our
never-ending quest to provide a seamless travel experience for our
customers, we aim to team up with car service partners we know can
be trusted to deliver quality services. eHi has been a natural
partner with its leading car rentals and car services platform,
broad geographic coverage and innovative services."
About eHi Car Services Limited
eHi Car Services Limited (NYSE: EHIC) is China's No. 1 car services provider and No. 2
car rentals provider in terms of market share by revenues in 2013,
according to Frost & Sullivan. The Company's mission is to
provide comprehensive mobility solutions as an alternative to car
ownership by best utilizing existing resources and sharing economy
to create optimal value. eHi distinguishes itself in China's fast-growing car rental and car
services market through its complementary business model,
customer-centric corporate culture, broad geographic coverage,
efficient fleet management, leading brand name, and commitment to
technological innovation. eHi is the exclusive strategic partner in
China of Enterprise, the largest
car rental company in the world, and is the designated and
preferred business partner of Ctrip, a leader in the online travel
agency industry in China. For more
information regarding eHi, please visit http://en.1hai.cn/.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours, and corporate travel management in China. It is the largest online consolidator
of accommodations and transportation tickets in China in terms of transaction volume. Ctrip
aggregates comprehensive travel related information and offers its
services through an advanced transaction and service platform
consisting of its mobile apps, Internet websites and centralized,
toll-free, 24-hour customer service center. Ctrip enables business
and leisure travelers to make informed and cost-effective bookings.
It also helps customers book vacation packages and guided tours. In
addition, through its corporate travel management services, Ctrip
helps corporate clients effectively manage their travel
requirements. Since its inception in 1999, Ctrip has experienced
substantial growth and become one of the best-known travel brands
in China.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. eHi may also make
written or oral forward-looking statements in its reports filed
with or furnished to the SEC, in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Any statements that are not historical facts, including
statements about eHi's beliefs and expectations, are
forward-looking statements that involve factors, risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Such factors and
risks include, but not limited to the following: eHi's goals and
strategies; its future business development, financial condition
and results of operations; its ability to achieve and sustain
profitability; its heavy reliance on its proprietary technology
platform; its ability to compete successfully against current and
future competitors; its ability to sustain our growth rates and
manage our expansion plan; its ability to dispose used vehicles at
desirable prices or timing or through appropriate channels; its
ability to raise sufficient capital to fund and expand our
operations at a reasonable cost; various government policies on
automobile control and purchase restrictions in certain Chinese
cities; its ability to enhance our brand recognition and maintain a
high level of customer satisfaction; its ability to control the
losses resulting from customer violation of traffic rules; and its
ability to obtain all of the requisite permits, licenses or making
all of the requisite filings or registrations or meeting other
regulatory requirements for operating car rentals and car services
business in China. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the SEC. All
information provided in this press release is current as of the
date of the press release, and eHi does not undertake any
obligation to update such information, except as required under
applicable law.
For investor and media inquiries, please contact:
eHi Car Services Limited
Tel: +86 (21) 6468-7000 ext. 8742
E-Mail: ir@ehic.com.cn
Mr. Nicholas Manganaro
Ogilvy Financial
In China: +86 (10) 8520-6139
In the U.S.: +1 (646) 867-1888
E-mail: ehic@ogilvy.com
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SOURCE eHi Car Services Limited