On November 10, the launch ceremony for the first batch of flash-charge vehicles and flash-charge stations from Shenzhou Car Rental and BYD Company Limited (SZSE: 002594) was held in Jinan, according to news reported on the afternoon of November 12.
After the first batch of flash-charge vehicles and flash-charge stations were deployed at the Jinan Airport station, rental users arriving at the airport and picking up their vehicles can immediately complete ultra-fast charging at the supporting flash-charge station, achieving a "pick up and charge, charge and go" experience.
Yu Hongfei, Chairman of Shenzhou Car Rental, said: "New energy mobility is moving from product popularization toward the coordination of technology and infrastructure. The density and efficiency of the charging network are redefining people's travel radius. The deployment of the first batch of flash-charge vehicles and flash-charge stations marks a key step in our strategic cooperation moving from planning to operations. It validates the feasibility of coordinated development between car rental scenarios and flash-charge networks, and gives Shenzhou Car Rental entirely new room for imagination regarding the service boundaries of new energy mobility. In the future, Shenzhou Car Rental will continue to embrace cutting-edge technologies such as new energy, intelligent driving, and flash charging, and will deepen cooperation with BYD Company Limited (SZSE: 002594) in areas including flash-charge station construction, operational standards, and full vehicle lifecycle management, jointly strengthening green mobility infrastructure and promoting the car rental industry's steady development toward high quality and sustainability."
Wang Chuanfu, Chairman and President of BYD Company Limited (SZSE: 002594), said: "Today, car rental platforms have become an important gateway for consumers to experience new models, feel new technologies, and embrace new lifestyles. Shenzhou Car Rental has a large-scale fleet, a nationwide service network, and real and diverse user travel scenarios, making it an important scenario partner for flash-charge technology to move toward large-scale application. The deployment of the first batch of flash-charge vehicles and flash-charge stations at the Jinan Airport station marks the full entry of the latest flash-charge technology into the car rental service scenario, providing a clear template for the large-scale development of the 'Flash-Charge China' strategy. In the future, BYD Company Limited (SZSE: 002594) will continue to coordinate with Shenzhou Car Rental to explore innovative solutions such as integrated charging and storage, intelligent scheduling, and digital fleet management, allowing more users to conveniently enjoy the experience upgrade brought by ultra-fast charging technology during rental travel, and helping the rental industry upgrade in a green and low-carbon direction."
The cooperation between Shenzhou Car Rental and BYD Company Limited (SZSE: 002594) has a long history. In April 2025, Shenzhou Car Rental put 3,000 BYD Company Limited (SZSE: 002594) Qin PLUS DM-i vehicles into short-term rental business, and they became a popular model on the Shenzhou Car Rental platform. In May 2025, the two sides formally reached a strategic cooperation, and that year Shenzhou Car Rental cumulatively purchased nearly 40,000 BYD Company Limited (SZSE: 002594) vehicles. In May 2026, the cooperation between the two sides was upgraded again, with the signing of the "Flash-Charge China" strategic cooperation and a 100,000-unit procurement framework agreement, agreeing to simultaneously advance the deployment of new energy flash-charge models and the layout of the flash-charge network, and to explore a new model of ultra-fast charging under car rental scenarios.
As the first large-scale implementation result of this cooperation, this deployment marks that the cooperation between the two sides has officially moved from agreement planning into a new stage of full-scale operations.
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