BR100 Increased By (0.83%)
BR30 Increased By (1.05%)
KSE100 Increased By (0.53%)
KSE30 Increased By (0.53%)
BECO 6.25 Increased By ▲ 0.48 (8.32%)
BML 52.84 Decreased By ▼ -0.16 (-0.3%)
BOP 34.45 Increased By ▲ 0.46 (1.35%)
CNERGY 8.19 Increased By ▲ 0.08 (0.99%)
DCL 12.27 Increased By ▲ 0.07 (0.57%)
FCCL 53.46 Increased By ▲ 0.63 (1.19%)
FCSC 5.19 Increased By ▲ 0.12 (2.37%)
FFL 18.05 Increased By ▲ 0.10 (0.56%)
FNEL 1.32 Increased By ▲ 0.03 (2.33%)
HUMNL 10.88 No Change ▼ 0.00 (0%)
KEL 8.10 Increased By ▲ 0.08 (1%)
KOSM 5.34 Decreased By ▼ -0.18 (-3.26%)
MLCF 87.32 Increased By ▲ 0.81 (0.94%)
NBP 187.33 Increased By ▲ 2.17 (1.17%)
PACE 10.70 Increased By ▲ 0.12 (1.13%)
PAEL 40.00 Increased By ▲ 0.58 (1.47%)
PIAHCLA 26.13 Decreased By ▼ -0.09 (-0.34%)
PIBTL 16.97 Increased By ▲ 0.30 (1.8%)
PPL 229.80 Increased By ▲ 1.62 (0.71%)
PRL 34.80 Increased By ▲ 0.12 (0.35%)
PTC 67.14 Increased By ▲ 1.81 (2.77%)
SEARL 90.80 Increased By ▲ 0.67 (0.74%)
SSGC 26.82 Increased By ▲ 0.22 (0.83%)
TELE 8.61 Increased By ▲ 0.33 (3.99%)
THCCL 58.50 No Change ▼ 0.00 (0%)
TPLP 8.65 Increased By ▲ 0.43 (5.23%)
TREET 24.71 Increased By ▲ 0.18 (0.73%)
TRG 69.85 Increased By ▲ 0.14 (0.2%)
WAVES 10.10 Increased By ▲ 0.16 (1.61%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Business & Finance

Evergrande auto unit plans sale of Protean to EV maker Bedeo

Published November 4, 2021 Updated November 4, 2021 10:01am
Save
1 min
comment
By Reuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

China Evergrande Group's automotive unit is nearing a sale of U.K. startup Protean Electric to e-mobility company Bedeo, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

The divestment by China Evergrande New Energy Vehicle Group Ltd could be announced as soon as Thursday, according to the report.

The transaction value couldn't be immediately learned, Bloomberg News reported.

The deal would help UK-based Bedeo expand into Asia and the US, the report said.

Evergrande bought Protean Electric, that produces in-wheel motors, in 2019.

Evergrande, Bedeo and Protean Electric did not immediately respond to Reuters requests for comment.

Evergrande Group China Evergrande New Energy Vehicle Group Ltd

Comments

Comments are closed for this article.

More Stories

Browse all stories