They also have another Electric car contract $weet$$$
Sharing Economy Entered into MOU with QEV Technologies to Plan for Joint Venture in the development of New Energy Vehicles
PR Newswire
HONG KONG, June 8, 2022
HONG KONG, June 8, 2022 /PRNewswire/ -- Sharing Economy International Inc. ("SEII") (OTCQB: SEII), announced today that the company has signed an memorandum of understanding with QEV Technologies S.L. ("QEV"), planning to form a joint venture company to develop and market for new energy vehicles running with electric and hydrogen power.
The European Union has proposed to stop the selling of new fossil-fuel cars by 2035, and the demand for environmental new energy vehicles expect to increase.
Under the joint venture plan, QEV will apply their technological expertise in new energy vehicle development, while SEII will develop the markets in Europe, North America and South America. The proposed headquarters of the joint venture is in Barcelona.
QEV Technologies is one of the Pioneers when it comes to electric mobility. Through developing racing cars in WRC, TCR, WTCC and Formula E, QEV brings the innovation and technology opened doors for the company to start development of technology and full vehicles for other automotive companies.
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