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WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount
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WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount

Sep 26, 2022
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WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount
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WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount
Freeman Shen, Founder of WM Motor (Source: WM Motor)

A prospectus released recently by Chinese electric vehicle maker WM Motor has triggered hot debate in the country. The high pay received by Freeman Shen, the firm’s Founder, Chairman and CEO, has drawn scrutiny amid declining company revenue and major losses.

According to the prospectus, WM Motor’s loss…

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