Tracker Beijing Rolls Out Stolen Vehicle Recovery Solution to Address Motor Vehicle Theft in China
China surpasses the US in motor vehicle sales, experiences higher car theft incidents
BEIJING, March 1 /PRNewswire-Asia/ -- Beijing Tracker Electronic Science & Technology Co., Ltd. ("Tracker Beijing") announces today the official launch of its Stolen Vehicle Recovery ("SVR") service for the People's Republic of China ("PRC") on June 1, 2010. Tracker Beijing's SRV service will be offered in partnership with, Tracker Asia, initially in Beijing, Tianjin and Hebei Provinces and then will be expanded into the Guangdong Province and the Greater Shanghai Area soon afterward.
China has surpassed the United States to become the world's biggest car market. In 2009, Chinese sales of cars, trucks and other vehicles soared to 13.6 million, a 46 percent rise from the previous year's levels and comfortably higher than the 10.4 million equivalent vehicles sold in the United States last year. Only three decades ago, there were only one million privately owned cars throughout China.
With rapid growth in vehicle sales, China is experiencing a fast growing and severe vehicle theft problem. Tracker Beijing offers a highly effective and affordable solution to combat motor vehicle theft, and is equipped with covert tracking technology that provides location and recovery of vehicles even when hidden within steel containers garages, or under heavy foliage.
"We are confident that China represents a substantial opportunity for Tracker Beijing, and with the experience that the Tracker Asia management team brings and support of PRC authorities and our strategic partners, we will be able to offer a very effective SVR solution to the China market," said Dong Bin, General Manager, Tracker Beijing.
"Our team of international management team has more than two decades of combined experience in the area of stolen vehicle recovery. We believe the experience we bring will greatly enhance Tracker Beijing in its entry into the China market," added Michael Tang, CEO of Tracker Asia.
Beijing Tracker Electronic Science & Technology Co., Ltd is a company incorporated in Beijing PRC and has been set up to operate fleet management and stolen vehicle recovery services in China.
Tracker Asia Ltd. is a company incorporated in Hong Kong. Its primary focus is in the investment and management of companies in the fleet management and stolen vehicle recovery sectors. Its management team has been operating the LoJack SVR system in Hong Kong since 1999.
Media Contact:
Jo Soo
Edelman
Tel: +852-2837-4744
Email: [email protected]
SOURCE Beijing Tracker Electronic Science & Technology Co., Ltd.
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