Daily Archives: July 11, 2012

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Jul 11, 2012
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Protean Secures Funding Moving Its Electric In Hub Wheel Forward

The idea of placing the electric motor inside a wheel has pros and cons and so far only Protean and Michelin have developed working models. Protean has now secured an additional $ 80 Million. Pinboard (MacAaron:tnev)

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Jul 11, 2012
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In-wheel electric drive company Protean receives $84M in funding; to build production plant in China

Protean Electric, developer of in-wheel electric drive systems (earlier post), received $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This capital will be used to bring Protean’s electric drive technology to production by establishing manufacturing facilities in Liyang. http://www.greencarcongress.com/2012/07/protean-20120710.html

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Jul 11, 2012
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units …
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