Deals
Evergrande Auto Unit Is Selling Protean to EV Maker Bedeo
- Chinese group shedding assets in bid to avert liquidity crunch
- Investors’ imagination captured by boom in electric vehicles
A sign on the exterior of the China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
E-mobility company Bedeo has agreed to buy U.K. startup Protean Electric from China Evergrande Group’s automotive unit.
The divestment by China Evergrande New Energy Vehicle Group Ltd. was announced in a Thursday statement from Bedeo that confirmed an earlier Bloomberg News report.