China Evergrande Group announced on Thursday that it has acquired Proteam, a British developer of in-wheel electric motor technology for passenger cars, representing the latest effort made by the Chinese property developer to march into the electric vehicle (EV) industry. Evergrande Health Industry Group, a health management unit of China Evergrande Group, bought out the […]

Chinese Property Developer Further Expands Into EV Space By Buying Out UK’s Proteam comes originally from China Money Network. All Rights Reserved.