Saietta Group, specialists in high-tech advanced e-mobility propulsion, recently announced the 100% acquisition of e-Traction Europe B.V. (e-Traction) from Evergrande New Energy Vehicle Group. The move accelerates Saietta’s growth strategy by adding new commercial and […]
By 2030 annual production of EVs is expected to increase roughly ten-fold to 25-30 million, creating a need to more than double global supply of the rare earth elements, neodymium and praseodymium (NdPr), to meet the EV traction motor market requirement.
Backed by Chinese conglomerate Evergrande Group and armed with a growing portfolio of innovative designs, Dutch company e-Traction is moving ahead aggressively to build its prominence as a supplier of in-wheel motors and powertrains for […]
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