e-Traction: Saietta speeds plans by buying e-Traction from Evergrande

The UK motor manufacturer Saietta has bought the Netherlands-based drivetrain developer e-Traction from Evergrande New Energy Vehicle Group (NEVG), which is owned by the troubled Chinese property giant Evergrande. This is the second UK acquisition of part of NEVG, following Bedeo's purchase of the in-wheel motor pioneer Protean Electric earlier this month.