Evergrande’s unit is poised to sell UK start-up Protean to EV maker Bedeo, part of developer’s asset sales plan to pare debt

Source: China – South China Morning PostChina Evergrande Group’s automotive unit is nearing a sale of UK start-up Protean Electric to e-mobility company Bedeo, people with knowledge of the matter said.The divestment by China Evergrande New Energy Vehicle Group could be announced as soon as Thursday, according to the people, who asked not to be identified because the information is private.The deal would help Europe-focused Bedeo, which supplies light commercial vehicles and technology for zero emissions transport, expand into Asia…Read More

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