Saietta acquires e-Traction from Evergrande New Energy Vehicle Group

Saietta Group acquired 100% of e-Traction Europe B.V. from Evergrande New Energy Vehicle Group. The acquisition adds power electronics production capability and heavy-vehicle drivetrain technology.

“This acquisition will allow Saietta to accelerate its business plan by several years, adding not just commercial and technical capability but also extending our IP portfolio and acquiring an operational power electronics production facility.”newpowertechnology.com

• 1 source
• newpowertechnology.comSaietta Acquires e-Traction from Evergrande New Energy Vehicle Group – New Power TechnologyDavid WebsterNov 16, 2021

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