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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: “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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