EV maker Bedeo acquires Protean from Evergrande's auto unit

Reuters2021-11-04

Nov 4 (Reuters) - UK-based e-mobility firm Bedeo said on Thursday it has acquired Protean Electric from China Evergrande Group's automotive unit.

Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.

Evergrande bought Protean, that produces in-wheel motors, in 2019.

Bedeo did not disclose the financial terms of the deal, which was first reported by Bloomberg News.

"This acquisition ensures we will be well capitalised to meet the burgeoning demand from existing and new customers," Protean Chief Executive Officer Andrew Whitehead said.

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CYK1955
2021-11-04
CYK1955
Ok
bb_ray
2021-11-04
bb_ray
Nice
TSL1121
2021-11-04
TSL1121
hi
Jasonlok
2021-11-04
Jasonlok
OK
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