Baidu Apollo, an open-source autonomous vehicle technology platform, and WM Motor, a new energy vehicle manufacturer, officially released two new cars on Tuesday, both of which are based on the WM Motor W6 SUV.
Zhang Ran, partner and CFO of WM Motor, revealed in an interview on October 15 that the company has successfully completed a D1 round of financing this month and will look towards listing overseas in the future.
In last week’s VC news, integrated circuit chip developer SJ Semiconductor has raised $300 million in a Series C round to expand R&D investment, and more.
WM Motor, an EV firm in China's mainstream market, on October 5 announced that it expects to amass over $300 million in a Series D1 round of financing, led by PCCW Limited and Shun Tak Holdings Limited.
Chinese electric vehicle maker WM Motor has completed a 10 billion yuan D round of financing.
China Renaissance’s Huaxing Growth Capital raises new $600 million fund
Chinese electric vehicle manufacturer WM Motor is seeking to list its shares on the sci-tech innovation board (the STAR Market) after the completion of its D-round of financing.
Lu Bin, the co-founder and chief travel officer of WM Motor, resigned on Aug. 5.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
An electric car from Chinese EV-maker Weltmeister Motor (WM Motor) caught fire on the road in Wenzhou, a city in eastern China, on September 23, WM Motor confirmed on its official Weibo account.