According to the Wall Street Journal, eHi Car Service Ltd. will launch an electric vehicle service in China to bring “green” car rental to the country. The new service is in response to China’s demand for 500,000 electric and plug-in hybrid vehicles by 2015 and 5 million by 2020.
eHi, of which Enterprise Holdings holds a 15% stake in, said it has plans to deploy 200 vehicles by the end of 2013 and that the fleet could reach 500 by the end of 2014. The company's rollout will begin in Shanghai, followed by Beijing.
The full news article from the Wall Street Journal can be viewed by clicking on the URL (may require subscription):
The article is also posted on the eHi website in full.
Originally posted on Business Fleet