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Hearts will order 100,000 Tesla Model 3 vehicles.The first step to an electrified fleet

Video Source: YouTube, CNBC TV

Hertz Global Holdings Inc (HTZZ) Ordered 100,000 Tesla’s (TSLA) electric vehicles are the first step in a car rental company’s plan to electrify 500,000 vehicles.

Beginning in early November, the Florida-based company will be able to rent Tesla Model 3 compact cars at the airport and nearby locations in the major US markets and certain European cities of Hearts. Presentation Monday.

according to USA Today, This is one of the biggest EV orders ever made, 100,000 electric vans Amazon.com (AMZN) Purchased from startup Rivian.

Mark Fields, Interim CEO of Hearts, said in a statement on Monday: Starting with the largest EV rental fleet in North America, the new Hertz will pave the way for a mobility company with a commitment to expand EV fleets and provide the best rental and charging experience for leisure and business customers around the world. is. “

Hertz is also investing in a company-owned charging network 3,000 EV chargers in 65 US markets By the end of 2022, 4,000 chargers will be available in 100 markets by 2023. Hearts customers will be able to use Tesla’s global network of 25,000 chargers for a fee, the company said.

Purchase news was first reported by Bloomberg News, which presumed the deal was worth it $ 4.2 billion in revenue To Tesla.

Bloomberg pointed out that this cost meant that Hertz was paying Tesla’s list price and not receiving the usual discounts on bulk orders.

Fields told USA Today that it chose Tesla because Hearts has an overwhelming market share in EV sales, but it doesn’t have an exclusive relationship with an electric car company in Silicon Valley. Said.

“It’s just the beginning of Hertz,” he said. “We are very much looking to the future now.”

The company didn’t say how much Hertz would charge to rent Tesla.

The announcement on Monday will come just a few months after Hertz Came out of bankruptcy proceedings..

Hearts filed for bankruptcy protection in May 2020 after the car rental market was hit by pandemic-related travel regulations.Under its restructuring plan, the company is about $ 5.9 billion new equity By investors led by Knighthead Capital and Certares.

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sauce: Equity news



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