∗WM Motor Archives

Bankrupt WM Motor Chairman Freeman Shen and Family Reportedly Move to the United States

Founder and chairman of WM Motor is reported to have flown to New York on October 16, leaving 40 billion yuan worth of debt behind.

WM Motor Responds to Recent Difficulties, No Mention of Layoffs and Salary Reductions

In the last few months, Chinese electric vehicle maker WM Motor has experienced a series of upsets, such as internal salary reductions, headquarter layoffs, co-founder resignations and about 130 million yuan ($18.9 million) of assets being frozen.

$19M in Assets of WM Motor’s Shanghai Sales Subsidiary Get Frozen

Five companies recently applied to Chinese courts to freeze property owned by a subsidiary of electric vehicle firm WM Motor totaling about 130 million yuan ($18.9 million). Legal bodies have now agreed to the appeal.

WM Motor to Compensate Geely $1M for Trade Secret Infringement

In 2018, Chinese automaker Geely sued its rival WM Motor on the grounds of infringing upon its trade secrets. The case has been tried many times over the last few years. The latest judgment showed that WM Motor needs to compensate Geely to the tune of 7 million yuan.

WM Motor Plans Hong Kong Debut through Reverse Takeover with Smart Travel Company

WM Motor, which is still looking for new financing channels, plans to list in Hong Kong through a reverse takeover with Apollo Smart Travel, the latter of which is mainly engaged in the travel business, vehicle platform authorization and engineering service outsourcing.

WM Motor Reportedly Planning to List via Reverse Merger

Half a year has transpired since Chinese electric vehicle startup WM Motor submitted its application for a public listing, but a lack of progress with those plans has caused it to consider alternative paths, such as reverse merger.

WM Motor to Cut Executive Salaries in Half as Financial Woes Mount

After WM Motor founder Freeman Shen's annual salary of 1.2 billion yuan ($164 million) aroused heated discussion, the Chinese second-tier electric vehicle maker is now reportedly carrying out large-scale salary reductions, including a 50% cut in executive pay.

China’s Second-Tier EV Makers Rush to List in Blooming Market

After public listings by XPeng, NIO and Li Auto in China and overseas, the second echelon of the country's electric vehicle industry, including firms such as Leapmotor, WM Motor, and Aiways, is embarking on a new round of IPOs in a bid to secure more funding.

WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount

A prospectus released recently by Chinese EV maker WM Motor has triggered hot debate in the country. The high pay received by Freeman Shen, the firm's Founder, Chairman and CEO, has drawn scrutiny amid declining company revenue and major losses.

डब्लूएम कार पुनर्गठन तेंदुए को लागि समर्थन प्रदान गर्दछ

जुलाई 15, संगीत गुट सहित, छ कार कम्पनीहरु सहित विलय र पुनर्गठन गर्न थाले। चीन इलेक्ट्रिक वाहन स्टार्ट-अप उद्यमहरू WM मोटोर हांग्टेनको नयाँ ऊर्जा स्रोतको शेयरधारकको रूपमा चयन गरिएको थियो।

WM Motor Provides Support for Restructuring Leopaard

On July 15, six vehicle companies including Leopaard began to undergo merging and restructuring. Hongdian New Energy, with Chinese EV startup WM Motor as a shareholder, has been chosen as the exclusive investor for restructuring.

WM कारें तेंदुए के पुनर्गठन का समर्थन करती हैं

15 जुलाई को, Lepaide सहित छह वाहन कंपनियों ने विलय और पुनर्गठन शुरू किया। चीनी इलेक्ट्रिक वाहन स्टार्टअप WM मोटर के शेयरधारक के रूप में, Hongdian New Energy को पुनर्गठन में एकमात्र निवेशक के रूप में चुना गया था।

WM গাড়ী লিওপার্ডের পুনর্গঠন সমর্থন করে

15 ই জুলাই, লেপেড সহ ছয়টি গাড়ি কোম্পানি একত্রীকরণ ও পুনর্গঠন শুরু করে। চীন ইলেকট্রিক গাড়ির প্রারম্ভে WM Motor, একটি শেয়ারহোল্ডার হিসাবে, নতুন শক্তি শক্তি পুনর্নির্মাণের জন্য একচেটিয়া বিনিয়োগকারী হিসাবে নির্বাচিত হয়।

WM ကား များက Leopard ကိုပြန်လည် ဖွဲ့စည်းရန် ထောက်ခံ သည်

ဇူလိုင်လ ၁၅ ရက်နေ့တွင် Lepade အပါအ ၀ င် မော်တော်ယာဉ် ကုမ္ပဏီ ၆ ခုသည် ပေါင်းစည်း ခြင်းနှင့် ပြန်လည် ဖွဲ့စည်းခြင်း ကိုစတင်ခဲ့သည်။ Hongdian New Energy ၏ အစုရှယ်ယာ ရှ င်တစ် ဦး အနေဖြင့် တရုတ် လျှပ်စစ် မော်တော်ယာဉ် လုပ်ငန်း WM Motor ကို ပြန်လည်ဖွဲ့စည်း ရန်အတွက် သီးသန့် ရင်းနှီးမြှုပ်နှံ သူ အဖြစ်ရွေးချယ်ခဲ့သည်။

WM Auto tukee Leopardin rakenneuudistusta

Noong Hulyo 15, anim na kumpanya ng sasakyan, kabilang ang Le Pade, ay nagsimulang pagsamahin at muling ayusin. Ang China electric car startup na WM Motor ay napili bilang eksklusibong mamumuhunan sa muling pagsasaayos bilang isang shareholder ng Hongdian New Energy.