Protean Electric Announces Partnership To Develop In-Wheel Motor Propulsion System With FAW-Volkswagen

 Protean Electric Announces Partnership To Develop In-Wheel Motor Propulsion
                          System With FAW-Volkswagen

PR Newswire

AUBURN HILLS, Mich., Dec. 12, 2013

AUBURN HILLS, Mich., Dec. 12, 2013 /PRNewswire/ --Protean Electric, the
global leader of advanced in-wheel electric drive, today announces its
partnership with FAW-VOLKSWAGEN AUTOMOTIVE CO., LTD. (FAW-VW) to develop an
all new electric propulsion system that will include Protean Electric's
award-winning Protean Drive™ with intent towards a demonstration vehicle
program and production.

(Photo: http://photos.prnewswire.com/prnh/20131212/DE32159 )

(Logo: http://photos.prnewswire.com/prnh/20130416/DE95019LOGO )

FAW-VW will create an all-new rear-wheel drivetrain for a pure Electric
Vehicle (EV) based on the new Bora compact sedan, utilizing two Protean
in-wheel motors. This cooperation began several months ago and so all bench
testing, engineering calibration and on site application support is expected
to be completed within a year. Protean Electric will also assist FAW-VW in the
development of safety and vehicle controls that can be applied to additional
vehicle programs.

"Protean Electric is very pleased and honored to be working with FAW-VW. Our
involvement with this prestigious automaker shows that Protean Electric is
continuing to serve as a valuable resource for OEMs as they develop New Energy
Vehicle programs," says Kwok-yin Chan, CEO of Protean Holdings Corp. "This is
a two-phase project that will capitalize on the torque and packaging freedoms
that Protean Drive™ can bring to an automaker. Our technology will return the
space to the new Bora vehicle platform that was formerly occupied by an
in-board motor and powertrain."

The motors reside in the space behind the wheel, producing torque and power
exactly where and when drivers need it. Protean's new production motor
provides the highest torque and power density of any leading electric
propulsion system. Each in-wheel motor comes with its own power and control
electronics packaged inside the motor, which communicates with the vehicle by
utilizing a common vehicle control system. 

Features of Protean's in-wheel motors include:

  o75 kW (100 hp) peak power
  oHighest torque density of any of today's leading electric drive systems
  oMass of only 34 kg (75 lbs.) per motor
  oPower and control electronics packaged inside the motor
  oSuperior regenerative braking capabilities, which allow up to 85 percent
    of the available kinetic energy to be recovered during braking
  oFits within a conventional 18" road wheel

In addition, Protean has developed multiple vehicles with various global OEMs
for demonstration in the US, Europe and China.

Protean has been awarded 33 patents for its unique technology and design, with
101 additional international patent applications pending. Protean has won the
prestigious 2012 Technology Pioneers Award from the World Economic Forum and
received recognition from Car and Driver magazine as one of the ten most
promising technologies for 2013.

About Protean:
Protean Electric is a leading clean technology company that designs, develops
and manufactures Protean Drive™, a fully integrated, in-wheel motor,
direct-drive solution. Protean Electric is strategically positioned to play a
major role in the hybrid and electric vehicle market by offering a combination
of packaging advantages, new vehicle design opportunities, performance
benefits and cost savings. Protean is funded by Oak Investment Partners, GSR
Ventures and Jiangsu New Times Holding Group Co., Ltd. Protean Electric has
operations in the United States, United Kingdom, China and Hong Kong. For more
information, visit www.proteanelectric.com.

About FAW-Volkswagen Automotive Co. LTD:
The FAW-Volkswagen Automotive Company (FAW-VW) was founded in 1991 and is a
Chinese joint venture between FAW Group Corporation, a Chinese state-owned
automotive manufacturing company and Volkswagen Group. The headquarters of
FAW-VW is located in the south-western section of Changchun, Jilin Province.
On August 15, 2011, FAW-VW celebrated its twentieth anniversary with a
milestone of producing its one millionth car.

Click here for Chinese version

Contact:
Louise Hackett
Media relations on behalf of Protean Electric
248.494.1006
louise.hackett@iconinteract.com

SOURCE Protean Electric

Website: http://www.proteanelectric.com
 
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