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WM Motor receives more than £¤12 billion in funding after latest financing round with Baidu

SHANGHAI – Smart EV and mobility services startup WM Motor said in a statement on December 5 that it has completed the latest round of financing led by Baidu Capital as well as several other internet strategic and financial investors including Baidu Group, SIG Haina Asia and Ambiba. The undisclosed

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WM Motor to develop vehicle information safety solutions with 360 Group

BEIJING – WM Motor announced it will cooperate with 360 Group to jointly develop vehicle intelligent network safety solutions. WM Motor’s mass production vehicles in the future will be 100 percent connected with intelligent network systems, said Freeman Shen, founder, chairman and CEO of WM Motor, at an internet safety

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At open day, WM Motor “installs” the future with AI car, AG2020 concept and more

SHANGHAI – WM Motor had just the perfect location and timing for its first ever corporate open day. The young EV startup opened up its headquarters and updated its latest plans, including its first production vehicle, the AG2020 concept, C2B manufacturing, charging app, channel development and industrial fund, to the

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AutoLab forum talks manufacturing, using and financing the vehicle

The Third AutoLab Auto Industry Annual Forum organized by AutoLab, a communications and service platform focused on new energy vehicles, telematics, aftermarket, e-commerce and entrepreneurship and investment, was held on December 2 in Shanghai. With a theme of “Uniting Forces and Confronting Transformation,” the forum discussed new manufacturing movement, smart

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WM Motor: “Weltmeister” of EV ecosystem?

WM Motor Technology Co., Ltd., one of the new Chinese electric vehicle startups, broke ground for its Smart Industrial Park inside the Oujiangkou District in Wenzhou, Zhejiang Province on November 23. With a Phase-I investment of ¥6.7 billion ($971 million), the industrial park featuring smart manufacturing, smart logistics, flexible parts

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WM Motor starts construction of smart EV industrial park in Wenzhou

WENZHOU, Zhejiang – WM Motor held a foundation-laying ceremony for its smart EV industrial park in Wenzhou, Zhejiang Province on November 23. WM smart EV industrial park features four functions of smart manufacturing, smart logistics, flexible parts matching and autonomous driving testing. The park covers a total area of 667,000

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