The French company has launched an electric car-sharing initiative in Wuhan, China. The fleet will launch with 300 vehicles, before being upgraded to 3,000 vehicles by 2019. The car-sharing service will be operated by the joint venture Fengbaio Company.
The car-sharing concept will work in a free-floating format, where drivers can pick up and drop the EVs off at any available public location. At first, the service area will cover the Wuhan Economic and Technological Development Zone, before it will cover the rest of the city after the fleet upgrade.
The Fengbaio Company joint venture is 50% owned by the Groupe PSA, with 30% going to Dongfeng Electric Vehicle Co and 20% to Wuhan Electric Vehicle Demonstration Co.