Spain's Ferrovial SA (FER.MC) and Renault SA (RNO.FR) on Friday said that they will launch an electric car-sharing service in the Spanish capital of Madrid.
The collaboration between the Spanish infrastructure operator and the French car maker, known as Zity, will launch in December and consist of a fleet of 500 electric vehicles.
Continue Reading Below
Ferrovial said that Javier Mateos will serve as chief executive of the newly created Zity.
The service will originally be available within the city's M-30 motorway limits, with plans to expand beyond this area in the future.
Write to Anthony Shevlin at firstname.lastname@example.org
(END) Dow Jones Newswires
November 03, 2017 08:51 ET (12:51 GMT)