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London-based EV tech startup Bedeo buys in-wheel pioneer Protean from the troubled China Evergrande Group

November 5, 2021
Source: techstartups.com techstartups.com
News Snapshot:
China’s Evergrande Group has been in the headlines for over a month now. The company is the second-largest property developer in China by sales. Evergrande woes started more than a year ago. Then on Sept. 23 and Sept. 29., on its $300 billion debt, which some said could trigger one of China’s largest defaults . It now appears the company is trying to offload some of its assets and subsidiary to stay afloat. A report out of the UK has revealed that Evergrande has sold Protean Electric to London-based e-mobility startup Bedeo . According to the announcement on its website,...
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