NEVS Buys British In-Wheel Electric Motor Manufacturer

China’s National Electric Vehicle Sweden (NEVS), which also owns Saab, has purchased Protean Electric, a British technology company with expertise in in-wheel electric motor technology.

Protean Electric has been developing in-wheel electric motors since 2008 and currently has more than 160 patents globally for electric motor and power electronics design, control, and manufacturing. A statement released by NEVS asserts that the company’s in-wheel motors “offer improved powertrain efficiency and greater flexibility in vehicle design.”

NEVS intends on using Protean’s tech in future products, but the acquisition could prove to be even more important for Chinese real estate developer Evergrande, which holds a 51 per cent controlling stake in NEVS.

Also Read: China’s Evergrande Wants To Be World’s Largest Electric Vehicle Group

In late March, Evergrande Group chairman Hui Ka Yan said that, after establishing itself as China’s second-largest property developer, it is striving “to become the world’s biggest, and the strongest, electric vehicle group within three to five years.”

Evergrande recently became the majority investor in Swedish hypercar manufacturer Koenigsegg as well, and last year, purchased a 45 per cent stake in struggling electric car startup Faraday Future. With Protean Electric now on board, it claims it has now formed a “highly competent ‘New Energy Vehicle’ Group” and could use in-wheel electric motors for many of its future electric vehicles. It is possible that future products from Koenigsegg will use electric motor and battery technologies from within the group.

On a side note, vehicles with in-wheel electric motors have been around for more than a century, but they have yet to find their way into mass production in a road-going vehicle. Guess the Chinese conglomerate that’s hellbent on EV dominance will be the first to do so.

  • Aeromann

    Poor SAAB. ?

  • Bash

    At least it’s good to see Saab in a way.

    • Infinite1

      Bash! Long time no see (so to speak)

      • Bash

        I’m here man every day.

  • Knotmyrealname

    Wait. A Chinese company buying technology from the west?
    It’s a joke, right?
    https://media2.giphy.com/media/cIMNw8DGhgJEtArktO/giphy.gif

    • Super Rob

      sit down to discuss buying. Get proprietary info. negotiate while making copies of everything, change mind and walk away.

      • Mike anonymous

        LOL! here take an up vote from me for that last part (haha) “change mind and walk away.”.

        In all seriousness I don’t think there’s a problem where technology comes from, at the end of the day when we get down to things, technology is technology, and great ideas can come from anyone, anywhere.

        • Super Rob

          They can, but most times there is a ton of work and money that leads a company to that idea. You can pay to use that idea or just steal it. China has always ignored copyrights and such but it wasn’t a huge deal. In the last 20 years they have become an economic power and it’s time for them to obey the laws like everyone else.

          • Knotmyrealname

            As I’ve said before, a technological and financial black hole.

  • Infinite1

    Interesting

  • AN IN WHEEL MOTOR MAKES SENSE EXCEPT FOR THAT WHOLE UNSPRUNG WEIGHT THING.

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