Shanghai (ZXZC)- PSA, Dongfeng Electric Vehicle and Wuhan EV Demonstration recently signed a contract to jointly establish a JV in Wuhan, Hubei Province. According to the source from Dongfeng Motor Corporation, the new JV will explore new commercial operation modes for NEVs to promote the development of NEVs.

In the meantime, the JV will further enhance the forward-looking research and cooperation in car-sharing, mobility service and new ecology of auto industry, collaboratively deploying in the construction of intelligent cities and transportation.

Dongfeng Motor Corporation and PSA boast strong vehicle resources and influential brand images, while Wuhan EV Demonstration is China's first EV operator owning 14-year EV demonstration operation experience. The cooperation will not only help PSA to facilitate the progress of its global time-sharing rental business and strategy, but also help Dongfeng to create new commercial operating modes of NEVs.

The JV's mobility service brand will be dubbed Free2Move, which will establish an open and shared ecological platform of auto industry including sharing mobility service, extended and value-added services of mobility, with the latest internet and connected vehicle technologies.

Starting from Wuhan, the JV will proactively expand the mobility business, enrich service categories and optimize service quality to gradually expand its presence in other Chinese cities and Southeast Asia regions. Meanwhile, the company will promote the electrification, intelligence and sharing of urban transportation based on customer scenarios and elaborate operation.