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The divestment by China Evergrande New Energy Vehicle Group Ltd could be announced as soon as Thursday, according to the report. (https://bloom.bg/3CMKyhT)
The transaction value couldn’t be immediately learned, Bloomberg News reported.
The deal would help UK-based Bedeo expand into Asia and the U.S., 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.
