China Evergrande Group’s corporate headquarters office tower at the Wan Chai waterfront in Hong Kong, with a roof billboard announcing the launch of Evergrande’s electric cars on 1 September 2021. The carmaker has yet to deliver any vehicle to customers. Photo: Edmond So.
China Evergrande Group’s corporate headquarters office tower at the Wan Chai waterfront in Hong Kong, with a roof billboard announcing the launch of Evergrande’s electric cars on 1 September 2021. The carmaker has yet to deliver any vehicle to customers. Photo: Edmond So.

Evergrande’s unit is poised to sell UK start-up Protean to EV maker Bedeo, part of developer’s asset sales plan to pare debt

  • Evergrande bought Protean in 2019 for US$58 million
  • Protean makes in-wheel motor technology used in electric cars, self-driving vehicles and commercial vans, with 150 staff in the UK, China and the US

Topic |   Evergrande crisis
China Evergrande Group’s corporate headquarters office tower at the Wan Chai waterfront in Hong Kong, with a roof billboard announcing the launch of Evergrande’s electric cars on 1 September 2021. The carmaker has yet to deliver any vehicle to customers. Photo: Edmond So.
China Evergrande Group’s corporate headquarters office tower at the Wan Chai waterfront in Hong Kong, with a roof billboard announcing the launch of Evergrande’s electric cars on 1 September 2021. The carmaker has yet to deliver any vehicle to customers. Photo: Edmond So.
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