Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

WM·GETnGO Adds Haikou Flagship Store
WM·GETnGO Adds Haikou Flagship Store
EX5. PHOTO: Credit to WM Motor
Associated Company
WM Motor WM Motor

On May 8, the second flagship store under the flag of WM•GETnGO (威马·即客行), officially opened in Haikou, the first flagship store opened in Sanya in January 2019. GETnGO is a brand of WM Motor in the mobility field, and its existing businesses include public charging, city sharing and tourism sharing.

Since the first store was established in Sanya, Hainan Province in January this year, it has achieved phased results: as of April this year, the rental rate of users in Hainan has exceeded 70%. During the "May Day" period, the demand exceeds supply and the rental rate has reached 100%. Intelligent electric cars have become a new trend of self-driving travel.

According to LU Bin, Vice President of strategic planning for WM Motor, this is the company's first landing project in the travel-sharing service, which is jointly built by WM Motor and Hainan Province Transport Investment Holding Company Limited.

As of April this year, WM•GETnGO has joined hands with six domestic mainstream charging operators to access 100,000 charging guns, covering 189 cities across the country. Since the opening of the first store in Sanya in January this year, the continuous investment of vehicle operating capability has increased by 100% compared with the initial opening.

LU Bin once mentioned in the interview that the future layout planning, GETnGO will launch 2000 vehicles in 2019 to support the leasing project, LU said. In the future, based on tourism mobility, the tourism ecological system of "plane, high-speed rail, cruise, self-drive" in tourist destinations will be improved to facilitate the development of local smart tourism.

In addition, the project will also provide WM owners with the preferential policy of rent-a-car deposit free and charging free. Its also planned to build 30-50 branches in the province to fully facilitate the development of smart tourism industry in Hainan by 2021.

Enterprise Information

WM Motor is an emerging Chinese auto maker.
CATEGORIES: Auto
Last Funding Type
Series C
Number of Employees
150-300
Number of Funding Rounds
4
Total Funding Amount
2.45B

Enterprise Information

WM Motor
WM Motor is an emerging Chinese auto maker.
CATEGORIES: Auto
Last Funding Type
Series C
Number of Employees
150-300
Number of Funding Rounds
4
Total Funding Amount
2.45B

Communicate Directly with the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Any Question

EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.

We aim to assist Chinese entrepreneurial enterprises to break into the global market and provide overseas investors, VCs, and enterprises with a deeper understanding of China's business environment and to seize opportunities in China.

Join over 800,000 of your peers