TWSE Market Insights

＜中文版＞

Established in 1999, Hotai Leasing Corporation (7855) is a mobility service provider under the Hotai Group that has been specializing in the Taiwan car rental market for over 27 years. With corporate long-term leasing as the foundation of its operations, Hotai Leasing continues to expand its diversified services, including the iRent car-sharing service, private chauffeur services, and parking facilities. Hotai Leasing has also established a comprehensive vehicle lifecycle management model that integrates long- and short-term rentals and used cars to maximize the economic value of each vehicle. Hotai Leasing is committed to building a smart mobility service ecosystem that provides complete and diversified mobility solutions for both corporate and individual customers.

Hotai Leasing’s most competitive advantage is its circular business model—being able to maximize the economic value of each vehicle asset and generate multiple revenue streams throughout the different stages of its lifecycle:

• Stage 1 – Long-term leasing: New vehicles are leased under multi-year contracts, generating stable and highly predictable rental income.
• Stage 2 – Short-term rentals and car-sharing platform: Upon the expiration of long-term leases, vehicles still in excellent condition are transferred to short-term rental services and the iRent car-sharing platform; this boosts vehicle turnover rates, revitalizes depreciated assets, and optimizes returns on vehicle assets.
• Stage 3 – Auction-off: Retired vehicles are auctioned through HAA, generating stable auction commission income while securing access to Taiwan’s largest wholesale supply of used cars.
• Stage 4 – Platform and channels: All Best Choice (ABC) creates listings of used cars and provides precise matching services to establish stable platform traffic and listing fee revenue. Simultaneously, HOTCAR offers vehicle certification, warranty, and franchise system services, collecting franchise fees and related service fees, thereby further expanding channel coverage and brand value.
• Stage 5 – After-sales binding: Vehicles ultimately return to HOTCAR, generating additional revenue through high-margin after-sales maintenance and spare parts services.

Looking ahead, Hotai Leasing will proactively position itself within the smart transportation and autonomous driving ecosystem, while continuing to explore the application of emerging technologies. As autonomous driving technology gradually matures, Hotai Leasing - with its extensive member database, fleet management expertise, and nationwide maintenance network—is well positioned to provide fleet management and integrated services following the commercialization of autonomous vehicles. As such, Hotai Leasing is committed to becoming a smart mobility hub in the autonomous driving era. Through the transformation experiences of international peers and by integrating platform-based business models, AI and digital applications, sustainability trends, and smart mobility initiatives, Hotai Leasing is rapidly evolving from a conventional car leasing service provider into a leading comprehensive smart mobility service platform, with strong long-term structural growth potential.