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Briefing Sep 16, 2020 09:01 am EqualOcean

WM Motors to Launch L4 Equipped Models as Early as 2021

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Sep 28, 2020 10:10 am ·

WM Motor Officially Launches its All-New 6-Seater SUV

The new car is launched in two versions, the NEX exploration version and Pro performance version. The two versions have officially started pre-sale and are priced at CNY 279,900 and CNY 288,800, respectively.  According to WM Motor, 6-seater models are more favored by families with two or more children than 5-seater models. 81.6% of such families prefer a 6-seater over a 5-seater.  Wang Xin, CGO of WM Motor said, "As a local car brand rooted in China, WM Motor will not only manufacture mainstream vehicles, but also pay attention to the travel needs of larger families, and continue to introduce more models that meet consumer and commercial needs." Besides, WM Motor once again emphasized its new technology strategy. As part of the plan, the WM Smart Digital Cockpit will use Qualcomm's Snapdragon third-generation smart cockpit chip platform. The new platform's CPU and GPU computing power is three times higher than the industry average.  Talking about the new strategy, Wang Xin told a local media channel that the strategy summarizes the technology functions that WM Motor has achieved and is still working on. She pointed out that WM Motor plans to focus these technological functions on specific products in the next step, including a new SUV that will be launched in early 2021 and the first sedan to be mass-produced by the end of 2021.  With the influx of the latest Series D round of financing by state-owned investors and strategic investment funds, WM Motor has significantly increased its investment in technology research and development. Shen Hui, the founder of WM Motor, has repeatedly emphasized that WM Motor will spend huge capital to gather 3,000 top global engineers in the next three to five years. In terms of market expansion, in response to the trend of new car companies entering overseas markets, Wang Xin said that the core strategy of WM Motor is to create a national brand. She believes that the world's largest consumer market for new energy vehicles is China, and her company must first penetrate the Chinese market.

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News EO
Aug 19, 2020 11:18 am ·

WM Motor to Complete D Round of Funding in Early September

Currently, WM Motor is still actively connecting with investment institutions, and its D round of financing is expected to be finalized in early September. It is understood that since its establishment in 2015, The EV-maker has completed multiple rounds of financing. Investment institutions include Internet giants such as Baidu and Tencent, and strategic investors such as Far East Horizon.  "WM Motor originally planned to carry out its D round overseas, but due to the sudden situation created by the COVID-19 pandemic, we are having difficulties in the process. However, many large domestic funds and local governments are interested in WM Motor," Shen Hui, founder of the company said in an interview in July this year. Shen Hui believes that, although the financing progress has not been completed as scheduled, his firm will develop into the first EV-maker with a positive gross profit margin, he added, "Objectively speaking, the financing environment of the entire capital market this year is much worse than we thought. But our advantage is relatively stable cash flow management. Even if WM Motor does not receive a penny, it can still operate steadily for many years." However, we believe this D round of financing is critical for WM Motor and its Star Market listing plans.  Judging from the current valuation and operating income of the company, WM Motor has met the listing requirements of the Science and Technology Innovation Board. Once the D round is completed, its net assets and valuation will also further increase. At the same time, it is paying close attention to the growth of sales, which will increase the capital market's expectations for its listing.

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Aug 18, 2020 12:26 pm · EO Company

WM Motor to Go Public on Star Market by the End of this Year

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Research EO
Aug 7, 2020 07:51 pm ·

China NEV Intelligence Newsletter

How can you track the most ground-breaking Electric Vehicle (EV) leaders, especially the ‘big six’ – NIO, Li Auto, Xpeng Motors, WM Motor, BYD and Tesla China? To get started, check out the new service from EqualOcean, which helps our readers understand these companies better so that they can capture the hottest investment opportunities.  ►How to Access Subscription: USD 90 for three months (starts from the payment date) Subscribe to the Newsletter with your email by clicking the above button. The Newsletter will be delivered at 19:30 each workday, Beijing Time. EqualOcean focuses on research into investment opportunities in China. We have an English and Chinese content team of 250, with massive internal resources and knowledge networks built up painstakingly over the past six years.  We have received requests and feedback and have incorporated suggestions from every credible source. We hope to provide a serious category product for China's EV market.    Today, we launch the project China NEV Intelligence Newsletter, featuring updates on NIO, Li Auto, Xpeng Motors, WM Motor, BYD and Tesla China. This initiative is not coming out of the blue. We have a proven track record in China's automotive industry, including dozens of industry research reports, NEV reviews and exclusive interviews with major automakers' executives. NIO founder William Li, WM Motor founder Freeman Shen, Xpeng Motors co-founder Henry Xia have attended our events as guest speakers. The top two China EV stocks, NIO and Li Auto, are the capital markets' new darlings, following in the path of Tesla. We expect to see Xpeng Motors and WM Motor landing on the public market in 2020. Along with Tesla China and the traditional car maker BYD, new-generation EV makers are leading new energy reform.   The industry is at an early stage – but is rapidly accelerating. The competitive landscape is worth tracing out; there are no absolute winners yet. NIO, Li Auto, Xpeng Motors, WM Motor, BYD and Tesla all have massive opportunities ahead and each has a chance to become the champion. How they manage to seize these chances and handle crossover challenges will weigh sharply in the value of their stocks.   Investors who are aware of the enormous potential and bright future of EV need to follow and do their research into the major players. This way, they can know the best entry points in the market. Therefore, EqualOcean has started to provide the NEV Intelligence Newsletter service. After subscription, you will receive a daily newsletter at 19:30 on weekdays (Beijing Time). The service is sold at USD 90 for three consecutive months. Please make sure you enter the correct email address.  All the contents in the Newsletter will be released on EqualOcean.com. Our paid subscribers will enjoy the contents 12 hours earlier. If you need to renew the subscription, please contact us at your earliest convenience at contact@EqualOcean.com.

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Jul 24, 2020 10:21 am · Sina Finance

WM Motor Considers Star Board IPO this Year

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Updated 13 hours ago · Jiemian.com

DiDi to Increase 100,000 Shared Bike in Beijing

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Sep 28, 2020 10:11 am ·

GAC Trumpchi M8 Debuts at Beijing Auto Show

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Sep 26, 2020 09:30 am ·

Li Auto’s New Car Plan Leaked

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Sep 25, 2020 09:30 am ·

SAIC Volkswagen to Build MEB NEV Plant

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