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Jiffy Lube Goes to China

18 April 2005

Shanghai Automotive Group Company  (SAGC) and Shell are launching a new joint venture to develop fast lube service facilities for motorists in China.

The new joint venture, Anji Jiffy Lube Automotive Services Company Limited, will start building a network of fast lube service outlets this year modelled on the pioneering Jiffy Lube chain in North America.   

Shanghai Automotive Industry Sales Corporation (SAISC), a subsidiary of SAGC, has a 50% share of the joint venture, and Shell China Holdings B.V. and Shell (China) Limited hold a 40%  share and 10% share respectively. The total investment of the joint venture is $23 million.

The joint venture plans to develop about 10 pilot outlets in Shanghai within the first year of operation, using this experience to plan for expansion in Beijing and elsewhere in China. By 2015, the joint venture aims to have developed a network of more than 600 outlets across China.

The targets reflect the significant growth in vehicle population in China, which already has 23 million vehicles on the road.  In terms of new car sales each year, China is now the third largest in the world, after the US and Japan.

April 18, 2005 in China | Permalink | Comments (0) | TrackBack (2)

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Listed below are links to weblogs that reference Jiffy Lube Goes to China:

» Shell, Shanghai Auto to Open Jiffy Lube Shops in China from Jalopnik
Motorists in China will soon be able to enjoy a Saturday-morning ritual along with their American counterparts (no, not road rage in the Home Depot parking lot, at least not this year). Shell and Shanghai Auto are embarking on a... [Read More]

» Shell, Shanghai Auto to Open Jiffy Lube Shops in China from Jalopnik
Motorists in China will soon be able to enjoy a Saturday-morning ritual along with their American counterparts (no, not road rage in the Home Depot parking lot, at least not this year). Shell and Shanghai Auto are embarking on a... [Read More]

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