The demise comes just weeks after Apollo Future withdrew its US$2.02 billion takeover bid.
WM Motor’s sales, which exceeded 35,000 units in both 2021 and the previous year, dropped to just 1,387 in the first eight months of this year.
WM Motor reflects the boom-and-bust cycle among smaller players vying it out in the world’s biggest EV market, where BYD now accounts for about one-third of all new energy vehicle sales, pushing the likes of WM Motor to the sidelines. At one point, WM Motor was regarded as one of the most promising Chinese EV startups, backed by Baidu Inc and Tencent Holdings Ltd, setting delivery records and considering a listing on China’s answer to the Nasdaq.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Getting GLCs to grow food crops wise, says Sabah Chinese Chamber of CommerceKota Kinabalu: The Sabah Chinese Chamber of Commerce (SCCC) welcomed Chief Minister Datuk Seir Hajiji Noor’s statement to require government agencies and Government-Linked Companies having land banks to play their part in ensuring Sabah’s food security.
Leggi di più »
Woman claiming to be famous Chinese actress demands for free food in Kuching eateryGETTING free stuff is no doubt a good feeling, however there are others who feel entitled to free stuff on the excuse of their “influence”. Recently, ...
Leggi di più »
San Francisco cops shoot driver who crashed into Chinese consulatePolice say the identity of the motorist and what precipitated the crash are not yet known.
Leggi di più »
US police shoot dead driver who crashed into Chinese consulateSAN FRANCISCO: US police said they shot dead a driver whose car crashed into the Chinese consulate in San Francisco on Monday. Unverified footage on s...
Leggi di più »
San Francisco police fatally shoot driver of car that crashed into Chinese consulateSAN FRANCISCO, Oct 10 — Law enforcement officers fatally shot the driver of a vehicle that ploughed through the Chinese consulate in San Francisco and into the lobby of the...
Leggi di più »
Tickets for Chinese singer Joker Xue’s concert to go on sale this Friday at noonKUALA LUMPUR, Oct 10 — Get ready to grab tickets for Chinese singer Joker Xue’s December concert this Friday, October 13. In a statement issued via their social media,...
Leggi di più »