WM Motor attracts €1.25Bn in new financing round
The Chinese electric car startup WM Motor has now generated 1.25 billion euros ($1.47Bn or RMB 10Bn). The most recent round of financing was led by SAIC Motor’s investment platform and the Shanghai Municipal Asset Monitoring and Management Commission.
WM Motor plans 3 new models before the end of 2021
The Chinese electric car manufacturer WM Motor aka Weltmeister is apparently planning a rapid expansion of its model range. According to Chinese media reports, two new e-SUVs and one electric sedan are planned for the second half of 2020 and next year.