US-based car rental firm Avis has set up a joint venture in Shanghai, China Daily said. Anji Car Rental and Leasing, 50-50 owned by Avis Europe and Shanghai Automotive Industry Sales Corp, will take over the existing fleet of 1,000 vehicles from Shanghai Anji Car Rental and operate it under the Avis brand name. The venture expects to establish more than 70 outlets nationwide.
Avis arrived in China a year after the world's leading car rental firm, Hertz, which launched its operation after signing a licensing agreement with China National Automotive Anhua (Tianjin) International Trade Co. Hertz now has 10 outlets in Beijing, Shanghai and Guangzhou.
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