Hubei Taite Electromechanical to acquire e-Traction B.V.  [ China ]

Hubei Taite Electromechanical announced that it will acquire a 100% stake in the Netherlands-based e-Traction B.V., Europe’s largest wheel motor manufacturer for new energy vehicles. Hubei Taite Electromechanical is affiliated with Tianjin Tanhas Technology Co., Ltd., which is a subsidiary of Changzhou Guangyang Bearing Co., Ltd. When the acquisition is completed, Hubei Taite Electromecha...