Rivian secures $2.65 billion as it prepares to bring its EVs to market

More

Renault 5 will be reborn as an electric hatchback

More

Volkswagen triples sales of all-electric vehicles in 2020

More

Plug-ins accounted for every fourth new car in West Europe in December

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

NEVS Acquires British Automotive Technology Company Protean Electric

National Electric Vehicle Sweden (NEVS), a subsidiary of Evergrande Health, has acquired the leading developer of in-wheel motor technology, Protean Electric.

The acquisition is part of Evergrande’s strategy to become a major player in the global electric vehicle industry, and paves the way for NEVS to deploy Protean Electric’s in-wheel electric drive technology, ProteanDrive, into its future products.

Protean Electric is an automotive technology innovator and world-leading developer of in-wheel motors (IWMs) and future propulsion solutions. Founded in 2008, Protean Electric has devoted over a million engineering man-hours to develop and validate its ProteanDrive in-wheel motor technology. The business has over 160 patents globally across electric motor and power electronics design, control and manufacturability, with another 150 patents pending, and ProteanDrive motors are subjected to industry-leading test criteria to ensure they meet existing automotive standards.

Compared to conventional electrified powertrains, the highly-integrated ProteanDrive in-wheel motors offer improved powertrain efficiency and greater flexibility in vehicle design. The patented high-torque density ProteanDrive technology combines a direct drive electric motor and power electronics which can be utilised on a range of platforms, including passenger cars, light commercial vehicles, urban mobility vehicles and autonomous pods.

Protean Electric will continue to operate as an independent business under the Evergrande umbrella, developing future powertrain and mobility solutions to meet the needs of the market. Formally, Protean Holdings will now be merged into Virtue Surge, a subsidiary of NEVS. The acquisition will provide additional resources and business opportunities for Protean Electric, giving the company access to an even broader pool of skills, knowledge and experience, as well as a sizeable customer in NEVS.

“Protean Electric is an exciting company with very competitive technologies. I am sure this acquisition will lead to many benefits for both NEVS and Protean Electric,” Said Stefan Tilk, CEO of NEVS.

“This exciting new agreement will enable Protean Electric to fulfil its global potential, and to do so more rapidly. This acquisition will aid Protean Electric in establishing a strategic advantage in the new 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. We look forward to working closely with the Evergrande and NEVS teams to deploy our technologies,” said KY Chan, CEO of Protean Electric.

NEVS is a Swedish electric vehicle manufacturer committed to shaping mobility to become more sustainable and smarter, designing and producing premium transportation solutions and electric vehicles.

In January 2019 Evergrande Health acquired a (51%) controlling stake in NEVS. In combining NEVS, Protean Electric and a number of other leading companies within the automotive area, Evergrande have formed a highly competent “New Energy Vehicle” group.

Jun 4, 2019Blagojce Krivevski
How Volkswagen is committing to an emission-free fleet by 2050Opel Corsa-e priced at €29,900 in Germany
You Might Also Like
 
NEVS unveils InMotion level 5 autonomous concept at CES Asia
 
NEVS receives electric vehicle production license in China
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

June 4, 2019 Electric Car NewsNational Electric Vehicle Sweden, NEVs, protean electric
Follow Us
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
Recent News
Rivian secures $2.65 billion as it prepares to bring its EVs to market
January 19, 2021
Volta Announces $125 Million Financing
January 19, 2021
Video: From stone wheels to EV, bringing progress to life in a new Volkswagen ID.4 ad
January 19, 2021
Thermally modulated battery charges rapidly, reduces range anxiety
January 19, 2021
Preventing blackouts with intelligence: Audi e-tron is ready for grid-optimized charging
January 19, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Rivian secures $2.65 billion as it prepares to bring its EVs to market
January 19, 2021
Volta Announces $125 Million Financing
January 19, 2021
Video: From stone wheels to EV, bringing progress to life in a new Volkswagen ID.4 ad
January 19, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.