BYD to build 20 GWh battery plant in China
BYD is further expanding its battery production capacities in China with a new plant in Wenzhou in Zhejiang province. The new factory will have an annual capacity of 20 gigawatt-hours and is scheduled to start production in 2024.
WM Motor starts selling debut model EX5
The Chinese electric mobility startup WM Motor has now begun selling their first vehicle model in China, the EX5. The mobility brand Weltmeister was set up by the startup in cooperation with a German agency.
WM Motor to double production capacity for EVs
China’s electric car startup WM Motor wants to invest 685 million dollars to expand its production facility in Wenzhou as they aim to make 200,000 electric cars a year there. That’s basically doubling the capacity, just days after their first model rolled off the line.