eHi Car Services partners with Volkswagen Group China to advance luxury mobility-on-demand services in China [Seeking Alpha]
EHI CAR SERVICES LTD (EHIC)
US:NYSE Investor Relations:
ehi.investorroom.com
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Source: Seeking Alpha
eHi Car Services partners with Volkswagen Group China to advance luxury mobility-on-demand services in ChinaeHi Car Services Limited (NYSE:EHIC) and Volkswagen Group Chinasigned a Memorandum of Understanding to jointly explore luxury mobility-on-demand services in China.Both parties will leverage innovative technologies, rapidly developing mobile Internet and car connectivity to provide luxury mobile services to Chinese consumers.To address the huge market potential, a strategic partnership will be formed which combines the strengths of Volkswagen (OTCPK:VLKAY) – a leading automaker with Audi, Porsche (OTCPK:POAHF) and Bentley luxury brands, a comprehensive range of exciting car models for every mobility need and long-established popularity in China, and eHi's mobility services leadership in China.Mr. Ray Zhang, eHi's Chairman and Chief Executive Officer, said, "China is facing a historic opportunity from consumption upgrade and economic transformation. At the same time, new mobility
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