Chinese EV startup WM Motor says it is open to holding an initial public offering (IPO) in the States. The firm that aims to launch a comparably cheap EV bearing the label Weltmeister (German for world champion) already said last year that it had investment.
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“Charge times are never short enough, but if you look at the way people use the cars, even in the shared space, the charge times do not become so onerous.”
Pam Fletcher, GM’s leading electric-vehicle engineer, says that even though the Bolt still needs 90 minutes to fast-charge, the number of times the battery will actually be at 0 percent will be rare and drivers can also plan to charge on their fixed routes.
wardsauto.com
“It won’t be long before drivers start suffering from ‘gas anxiety’, not range anxiety.”
ChargePoint CEO Pasquale Romano says the growing network of EV charging stations will cure range anxiety for EV drivers. He also hopes that a rise in petrol prices will reverse the current trend and push people away from combustion engines to electric alternatives.
bloomberg.com
“I don’t think traditional car companies are doing well selling cars, especially with their customer experience. With smart, connected cars, I believe I can change that.”
While Freeman Shen, founder and CEO of Chinese start-up WM Motor, himself didn’t want to go into detail, insiders say that he looking to sell cars mostly online and only set up a limited number of actual showrooms.
shanghaidaily.com
Freeman Shen is the founder and CEO of WM Motor, a Chinese emobility start-up that is looking to launch its first three EV models in the country by 2018 (we reported). The compact cars are said to be offered at a competitive price.
chinadaily.com
“The entry of Elon Musk’s Tesla into Korea later this year, and car sales next year, will trigger interest in eco-friendly models, which will consequently result in heated competition among local electric-vehicle manufacturers to respond to their increasing demand.”
Lee Hang-ku, a senior researcher at the state-run Korea Institute for Industrial Economics & Trade, warns that even with rising interest in electric mobility, South Korea will fall behind if it does not invest in infrastructure or if local players don’t cooperate on the issue.
koreajoongangdaily.joins.com
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