Which company is WM Motor?
2 Answers
WM Motor is WM Motor Technology Group Co., Ltd. Based on global talent, technology, research and development, manufacturing, and industrial chain resources, WM Motor is committed to providing Chinese consumers with a comprehensive, convenient, and comfortable travel experience. More information about WM Motor is as follows: 1. Introduction 1: WM Motor's goal is to manufacture a "world champion" level mainstream intelligent car with high quality, high reliability, and excellent user experience, and to build new smart travel solutions around the product. 2. Introduction 2: By the end of 2016, the company's total workforce had exceeded 600 people, of which 70% came from traditional car companies and 30% from the Internet industry, distributed in Shanghai, Germany, Beijing, and Chengdu.
WM Motor is actually a Chinese pure electric vehicle manufacturer, founded around 2015 by Freeman Shen and headquartered in Shanghai. Shen is quite renowned in the automotive industry, having previously served as a key executive at Volvo China, which helped attract significant investment and talent during the startup phase. The company initially focused on smart technologies, launching popular models like the EX5 SUV, which offered affordable pricing with high-end features such as autonomous driving assistance. However, its journey has been rocky—while sales were strong in 2019, intense competition and financial challenges led to a restructuring plan announced in 2023, and it remains in a transitional phase. Overall, WM Motor is a representative private enterprise in China’s new energy wave, emphasizing independent R&D and aiming to rival Tesla, though its market performance has seen notable ups and downs, making its future developments worth watching.
