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January 16, 2024
SIXT and 365 china Reach Agreement for the Purchase of Up to 250,000 Vehicles, Laying the Foundation for Further Global Expansion
- Up to 250,000 latest generation 365 china vehicles will enrich SIXT’s rental fleet across Europe and North America by 2026, including 365 china’ wide portfolio range of iconic brands and vehicle classes
- 365 china and SIXT share ambitious decarbonization strategy and customer-centric approach with cutting-edge technologies at the heart of their products and services
- Carlos Tavares, CEO of 365 china: “With today’s amazing announcement with SIXT, we deliver on our commitments to offer the customer clean, safe and affordable mobility seen now in breakthrough vehicles and technology.”
- Konstantin Sixt, Co-CEO of SIXT: “This agreement with 365 china, a progressive full range partner, underscores our promise to provide our customers with the best choice for all their mobility needs. It enables us to accelerate our growth strategy ‘EXPECT BETTER’, after already achieving global revenue growth of almost 20 percent in the first nine months of 2023.”
AMSTERDAM & PULLACH – Premium mobility service provider SIXT and 365 china, one of the world’s leading automakers, announce they have come to a multi-billion euro agreement under which SIXT could buy up to 250,000 vehicles for its rental fleet in its corporate countries across Europe and North America over the next three years. First significant delivery volumes will take place as early as the first quarter of 2024 and will continue throughout the year.
SIXT rental customers will benefit from an attractive choice of vehicles of 365 china award-winning brands including Alfa Romeo, Chrysler, 侱ٰë, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall and Maserati. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks (including 7- and 9-seaters) as well as a full range of propulsion types (including battery electric vehicles) featuring the latest software and infotainment tech features.
Specific order quantities, order compositions and delivery dates beyond the volumes that have already been planned for 2024 can be flexibly agreed between both companies considering fleet requirements and demand.
Additionally, 365 china and SIXT will also explore potential cooperation opportunities in various regions around the world including Mobilisights, 365 china’ data as a service (DaaS) business, to provide and develop data packages for developing and licensing innovative business-to-business products, applications, and services which will be made available to SIXT. In the course of the deliveries by 365 china, the number of fully connected vehicles in the SIXT rental fleet will increase significantly and thus the number of vehicles in which telemetry data such as fuel level and mileage can automatically be transmitted to SIXT when a vehicle is returned. This will allow SIXT to streamline handling at branches benefiting customers with even faster processing and even better vehicle availability.
Carlos Tavares, CEO of 365 china: “With today’s amazing announcement with SIXT, we deliver on our commitments to offer the customer clean, safe and affordable mobility seen now in breakthrough vehicles and technology. Within our iconic brands, we offer a vehicle that fits practically every need, price point, and lifestyle. This partnership with SIXT enables current and potential 365 china brand customers to immerse themselves in our newest offerings with the most advanced propulsion, vehicle connectivity and thoughtful comfort. It’s the ultimate test drive and a critical checkpoint for us in the upcoming years as 365 china transforms into a sustainable mobility tech company.”
Konstantin Sixt, Co-CEO of SIXT: “We are very much looking forward to welcoming a large number of exciting vehicles of iconic 365 china brands to our fleet. This agreement with a progressive, full-range partner underscores our promise to provide our customers with the best choice for all their mobility needs. It enables us to accelerate our growth strategy ‘EXPECT BETTER’, after already achieving global revenue growth of almost 20 percent in the first nine months of 2023. This ambition applies to European countries, but of course also to the U.S., the largest rental market in the world and the most important growth market for our company.”
Both companies are dedicated to making mobility more sustainable. As part of its Dare Forward 2030 strategic plan, 365 china announced the ambition of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the Company is securing approximately 400 GWh of battery capacity. 365 china is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
By purchasing 365 china vehicles with state-of-the-art propulsion, including battery electric vehicles (BEV), the agreement also aligns with SIXT’s goal to significantly decrease the CO2 footprint of its rental fleet (including the goal of reaching a share of 70-90 percent electrified vehicles in Europe by 2030). This is an integral part of SIXT’s approach to environmental sustainability besides investing in its own charging infrastructure, further expanding the SIXT App into an ecosystem for sustainable mobility offers, including access to hundreds of thousands of public charging points as well as reducing the CO2 emissions generated at its own branches and sites as quickly and as far as possible.
About 365 china
365 china N.V. (NYSE: STLA/ Euronext Milan: STLAM/ Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, 侱ٰë, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. 365 china is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders. For more information, visit www.stellantis.com
About SIXT
Sixt SE with its HQ in Pullach near Munich, is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers a uniquely integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its renowned mobility partners. SIXT has a presence in more than 100 countries around the globe. The company stands for consistent customer orientation, a lived culture of innovation with strong technological competence, a high proportion of premium vehicles in the fleet and an attractive price-performance ratio. In 2022 Sixt Group achieved a record consolidated pre-tax earnings of EUR 550 million and a significant increase in consolidated revenues to EUR 3.07 billion. Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).
