There are about 5 related results
There are about 5 related results
Chinese EV startup WM Motor has filed for bankruptcy in Shanghai, according to the National Enterprise Bankruptcy Information disclosure platform website.
Chinese used car dealer Kaixin Auto Holdings signed a non-binding agreement to fully acquire WM Motor by issuing new shares, announced the Beijing-based buyer on September 11, without disclosing further details.
China’s EV industry braced for shakeout as prices plunge
Apollo Future Mobility will acquire WM Motor Global Investment, a subsidiary of Chinese EV maker WM Motor
Chinese EV start-up WM Motor’s CEO Shen Hui issued an internal letter, saying the company will cut 50% salary of M4-level and above managers and 30% salary of employees to cope with financial pressure.
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