Evergrande Health subsidiary National Electric Vehicle Image courtesy of Protean
Sweden (NEVS) has acquired in-wheel motor technology
company Protean Electric.
Founded in 2008, Protean Electric prioritized the de-
velopment of its ProteanDrive in-wheel motor technolo-
gy, which combines power electronics and a direct-drive
electric motor. The company holds over 160 patents on
electric motors and power electronics design, control
and production.
Protean Electric will operate independently under the
Evergrande umbrella.
Protean CEO Ky Chan says, “This agreement will
enable Protean Electric to fulfill its global potential and
do so more rapidly. This acquisition will aid Protean
Electric in establishing a strategic advantage in the newNEVS/Evergrande acquires
motor maker Protean Electric
energy and mobility markets and bring in new expertise.
Evergrande is a well-established and ambitious business,
determined to make a mark in the clean mobility arena
across the world.”EPIC RESINS | TOLL FREE: (800) 242-6649 | E-MAIL: [email protected] | WWW.EPICRESINS.COM
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