Sharing Economy International Inc. announced that the company has signed an memorandum of understanding with Quantron AG (Quantron), planning to form a joint venture company to develop and market for new zero emission 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 zero emission vehicles expect to increase. Under the joint venture plan, Quantron will supply the products, while SEII shall act as the leasing distributor.