You are here: / / Protean establishing factory for electric in-wheel drive system

Protean establishing factory for electric in-wheel drive system

Author: Tyrepress Editors Comments: 0

Michelin isn’t the only company developing an electric in-wheel drive system. US-headquartered company Protean Electric boasts its own competitor to the tyre major’s ‘Active Wheel’ system, and has announced it has received US$84 million in new funding from its key investors GSR Ventures, New Times Group, Oak Investment Partners, and the city of Liyang, in China’s Jiangsu Province, China. This capital will be used to bring Protean's electric drive technology to production through the erection of manufacturing facilities in Liyang.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Michelin Wins Manufacturing in Action Award
  2. South Ontario Selected as Site for Initial Carbon Green Plant Rollout
  3. Michelin unveils latest moto offerings
  4. Yulex, Versalis to produce guayule rubber in Southern Europe
Comments
Comments closed
Share this entry
SEMA/GTE promotion efforts yield huge attendance Additional delay for Birla Tyres’ pcr project expected

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.