UK-based e-mobility firm Bedeo said on Thursday it has acquired Protean Electric from China Evergrande Group's automotive unit.
A crane stands at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song
Nov 4 - UK-based e-mobility firm Bedeo said on Thursday it has acquired Protean Electric from China Evergrande Group'sBedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.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. Reporting by Juby Babu and Maria Ponnezhath in Bengaluru; Additional reporting by Shivam Patel; Editing by Shounak DasguptaSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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