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13May

ALD and Wheels sign a partnership agreement with Shouqi Car Rental & Leasing to provide full-service leasing solutions in China

ALD and Wheels sign a partnership agreement with Shouqi Car Rental & Leasing to provide full-service leasing solutions in China

ALD and Wheels, who formed a Global Alliance 10 years ago, announce a new partnership agreement with Shouqi Car Rental & Leasing (Shouqi) in China, effective from May 12, 2020.  As part of their strategy to increase coverage in Asia, ALD-Wheels will cooperate with Shouqi in providing automotive leasing and fleet management services to global corporations in China.

The partnership includes cross referrals, common participation to global fleet tenders, comprehensive fleet services such as fuel provision, insurance, accident management; and overall support including transparent commercial terms and global fleet reporting using the ALDNet.com platform.  

By increasing its commercial alliances with peers in geographies where ALD and Wheels do not have a direct presence, the global alliance allows clients to access 13 additional countries, representing 56 countries overall, through a network of coordinated partnerships. This international network represents the broadest worldwide footprint in the car leasing market.

 “After our recent exit from the Chinese market, as anticipated, we are very pleased to announce our partnership with Shouqi.  As a leading player in the market, Shouqi is well positioned to provide good quality full service leasing services for our global clients in China while offering a comprehensive suite of mobility solutions, tailored advice and consistent reporting solutions,” said Tim Albertsen, Chief Executive Officer of ALD.

"Shouqi is a reliable and client-focused fleet management provider with a strong presence in China. We are delighted to welcome them into the Alliance,” said Dan Frank, President and CEO of Wheels. “Maintaining coverage in China as we expand our reach across Asia ensures seamless service for our global clients.”

“As a leading car leasing company in China, Shouqi is delighted to join the ALD & Wheels Global Alliance founded 10 years ago by renowned leasing companies. Within the Alliance we can share industry experience and provide high level quality and reliable car services to global corporate clients,” said Junwei Yang, President of Shouqi.  

 

With a direct presence in 43 countries, ALD is currently present in Asia through its subsidiary in India, where it has been providing full service leasing and fleet management services for over a decade. At the end of March 2020, ALD’s total fleet amounted to 1.78 million vehicles managed worldwide. Recently ALD and Mitsubishi UFJ Lease & Finance Company Limited announced the establishment of their first joint venture company in Malaysia, as well as a partnership agreement with Mitsubishi Auto Leasing Corporation to provide automotive leasing and fleet management services to global corporations in Japan, as part of a joint South East Asian strategy.

 

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