Wheels-ALD Partner With Shouqi Car Rental & Leasing to Provide Full-service Leasing in China

Des Plaines, Ill, May 14, 2020 – Wheels Inc., a leader in the automotive fleet management and services industry, along with its global partner ALD Automotive, announce a partnership with Shouqi Car Rental & Leasing (Shouqi) in China. As part of their strategy to increase coverage in Asia, Wheels-ALD will partner 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 Wheels and ALD do not have a direct presence, the global alliance allows clients to access 13 additional countries, representing 59 countries overall, through a network of coordinated partnerships. This international network represents the broadest worldwide footprint in the vehicle leasing market. 

“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.” 

“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.  

“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.   

ALD is currently present in Asia through its subsidiary in India, where it has provided full-service leasing and fleet management services for more than a decade. In December 2019, ALD’s total fleet amounted to 1.76 million vehicles managed worldwide with a direct presence in 43 countries. 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.  

About Wheels, Inc.

 Wheels, Inc. was established in 1939 as the world’s first automotive fleet leasing and management company. Eighty-one years later, Wheels is one of the largest privately-held companies in North America, featuring a portfolio of more than 325,000 vehicles under management across the continent, capabilities in 59 countries worldwide, and a client base that consists of some of the best-known businesses in the world. In addition to vehicle acquisition and leasing, Wheels provides numerous specialized services that help all sorts of organizations manage their fleets. These include driver/vehicle support functions like maintenance management, fuel cards, and registration processing, as well as strategic account-level consultation to drive optimal fleet efficiency and measure results.  For additional information, please contact info@wheels.com. 

About ALD  

ALD is a global leader in mobility solutions providing full-service leasing and fleet management services cross 43 countries to a client base of large corporates, SMEs, professionals and private individuals. A leader in its industry, ALD places sustainable mobility at the heart of its strategy, delivering innovative mobility solutions and technology-enabled services to its clients, helping them focus on their everyday business.  

With 6,700 employees around the globe, ALD manages 1.76 million vehicles (at end-December 2019). ALD is listed on Compartment A of Euronext Paris (ISIN: FR0013258662; Ticker: ALD) and is included in the SBF120 index. Société Générale is ALD Automotive’s majority shareholder. 

About Shouqi Car Rental & Leasing Co. Ltd 

Shouqi is a leading automotive operating lease and fleet management company in China. Established in 1992 with a fleet of more than 70,000 vehicles and extensive geographical coverage throughout China, Shouqi provides all fleet management services including leasing, fuel card, insurance, accident management, ride hailing, car sharing and driver services to serve various client needs. Shouqi Car Rental & Leasing Co. Ltd is a member of Shouqi Group that was founded in 1951 and named by Premier Zhou Enlai who was the first premier of P.R.C.