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Thursday, August 11, 2022

Sharing Economy International Inc (OTCMKTS: SEII) Major Breakout on QEV MOU to Form JV in New Energy Vehicles Running with Electric & Hydrogen Power

Sharing Economy International Inc (OTCMKTS: SEII) is breaking out northbound again and this time investors are not wasting any time heavily accumulation this one. In April SEII skyrocketed to $0.20 per share trading several million in dollar volume per day but suffered since recently dipping below $0.02 before the most recent runup. SEII is an SEC filer and has $3.6 million in marketable securities and did $237,000 in revenues during fiscal 2021 with some debt on the books too.  

This is an exciting time for SEII; the Company recently signed a MOU with QEV Technologies S.L. (QEV), 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.   

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Sharing Economy International Inc (OTCMKTS: SEII) through its affiliated companies, are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing.

SEII is led by new CEO Pak Hei Jefferson Chan who is leading the development of the ECrent business, and to look for other business opportunities that may grow the company. Mr. Chan is the co-founder of ECrent Worldwide Company Limited since 2013, which has developed and operates a sharing economy platform ECrent.com, promoting “Share through Renting” for a sustainable future. Before that he worked at Smart Work Media (New Jersey, USA), Brighton Management LTD (Hong Kong), Rothschild Bank (Zurich, Switzerland) and Mouawad Jewellery (Dubai), covering wide range of professional trainings in research and marketing, as well as investment banking operations. Mr. Chan plans to continue to lead the development of the ECrent business, and to look for other business opportunities that may grow the company. 

The Company has been putting out one big press release after the other in April; first the Compay announced it has signed a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi’s naked-eye 3D technology. Su Xin Rui Shui is a naked-eye 3D display technology research and development company, dedicated to the development and industrialization of 3D light field real-time rendering engine technology. They have three core technologies: A light field reconstruction algorithm based on backlight matching technology; A programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision; A fusion algorithm between stereoscopic image source and virtual scene. Under the Strategic Framework Agreement, the two companies will form a joint venture company in Hong Kong for the development of a Metaverse platform.

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SEII

SEII signed an Investment Cooperation Agreement with Hanking Fof Investment, L.P. Pursuant to the Agreement, Hanking intends to make strategic investments in SEII with a total size of up to US$30 million for a two-year period, the proceed of which is to be applied primarily in the fields of (1) research and development of new technologies and products such as intelligent algorithms, application systems and intelligent interactive devices based on metaverse applications of SEII; (2) ultra-high definition naked-eye 3D integrated solution, software and hardware products as well the market expansion in Hong Kong, Macao, Southeast Asia and Europe; (3) SEII’s cooperation with major customers that involved in 3D upgrade of display panel; and (4) expansion of SEII’s cooperation with more projects combining global leading metaverse technology and green economy. Hanking is a private equity fund professionally operated and managed by a family office for wealthy families. It focuses on private equity, block transactions and secondary market investment, as well as financial services to high net worth individuals, institutional investors and wealthy families such as investment advisory and asset management services. In addition, Hanking has created an ecological management system by managing various funds in Hong Kong, Beijing, and Shanghai.

On June 8 SEII announced the company has signed a 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. The COO, Joan Orus, started his journey 20 years ago creating the solar car that raced over salt lakes in Australia. His racing spirit led the team to many victories in different championships. Through racing in WRC, TCR, WTCC and Formula E we were also developing cutting edge technologies. This innovation and technology opened doors for the company to start development of technology and full vehicles for other automotive companies. QEV has already developed 16 vehicles. 

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Currently at a $18 million market valuation SEII has 263,088,371 shares outstanding and significant debt on the books. But SEII is an exciting story developing in small caps; the stock has runner in its blood skyrocketing to $0.20 per share in April. Since recently dipping below $0.02 SEII is once again on the move northbound more than doubling on Friday alone. This could not be a more exciting time for SEII; the Company recently signed a MOU with QEV Technologies S.L. (QEV), 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, Spain. We will be updating on SEII when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in SEII either long or short and we have not been compensated for this article.

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