According to Futu News, January 11, the American car rental company$Hertz Global (HTZ.US)$The two-day decline was nearly 5%. As of press release, the stock is now down 2.35% to 9.13 US dollars, with a turnover of 1,2201 million US dollars.

According to the news, Hertz Car Rental said in a regulatory document today that it will reduce the size of its electric vehicle fleet to cope with weak demand and high breakage costs. The company will sell around 20,000 electric vehicles in its US fleet, which represents about one-third of the global electric vehicle fleet, according to the filing. The company began selling this batch of electric vehicles in December 2023 and will continue to advance this matter in 2024. This batch of electric vehicles for sale covers a variety of brands and models, and the electric vehicles to be sold will continue to be leased within the company's fleet during the sales process. The company said it will use the funds obtained from the sale of electric vehicles to purchase internal combustion engine vehicles to meet customer needs.

The company said that maintenance costs and damage costs due to electric vehicle collisions are still very high, which is one of the main reasons why the company decided to reduce its electric fleet, and it is expected that Q4 results will be affected to a certain extent.