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WM Motor

WM Motor

WM Motors was founded by Freeman Shen, a former hotshot executive of Geely. The factory in Suzhou will have an initial annual capacity of 50.000 cars. Production is set to start in 2018.

OVERVIEW

Category
Auto
Headquarter
Shanghai, China
Founded Time
May. 1, 2012
Latest Funding
Series C
Company Size
150-300
Also Known As
威马汽车, Weima Qiche
Legal Name
WM Motor Technology Co., Ltd
Name (Chinese)
WM Motor
Legal Name (Chinese)
威马汽车科技集团有限公司
Email Address
hr@wm-motor.com
Phone Number
2160128000
Read More

FUNDING

Number of Funding Rounds 4
Total Funding Amount USD 2.45B
Announcement Date Funding Round Funding Raised Lead Investor(s)
Mar. 6, 2019 Series C 446.37M Baidu, Linear Venture, Taihang Industry Fund
Dec. 22, 2017 pre-B 0.00 Sequoia Capital,Tencent Holdings, China Structural Reform Fund, Minmentals Development
Dec. 5, 2017 Series B 1.00B Baidu Capital,Tencent Holdings, Susquehanna International Group,Amiba Capital
Aug. 24, 2016 Series A 1.00B yuema capital
Announcement Date

Mar. 6, 2019

Funding Round

Series C

Funding Raised

446.37M

Lead Investor(s)

Baidu, Linear Venture, Taihang Industry Fund

Announcement Date

Dec. 22, 2017

Funding Round

pre-B

Funding Raised

0.00

Lead Investor(s)

Sequoia Capital,Tencent Holdings, China Structural Reform Fund, Minmentals Development

Announcement Date

Dec. 5, 2017

Funding Round

Series B

Funding Raised

1.00B

Lead Investor(s)

Baidu Capital,Tencent Holdings, Susquehanna International Group,Amiba Capital

Announcement Date

Aug. 24, 2016

Funding Round

Series A

Funding Raised

1.00B

Lead Investor(s)

yuema capital

UPDATES

WM·GETnGO Adds Haikou Flagship Store
According to WM Motor, WM·GETnGO will launch 2000 vehicles in 2019 to support the leasing project.

According to WM Motor, WM·GETnGO will launch 2000 vehicles in 2019 to support the leasing project.

WM EX5 Pro is Officially Available
The length, width and height of the vehicle are 4600mm, 1850mm and 1650mm respectively, and the wheelbase is 2703mm.

The length, width and height of the vehicle are 4600mm, 1850mm and 1650mm respectively, and the wheelbase is 2703mm.

WM Motor Delivers 4,085 Vehicles In Q1
WM Motor aiming to sell 100,000 vehicles in 2019, the pressure in the next three quarters is palpable.

WM Motor aiming to sell 100,000 vehicles in 2019, the pressure in the next three quarters is palpable.

WM Motor launches Its New EX5 2.0 Version
The new model's price from CNY 129,800 to CNY 209,800 after subsidies.

The new model's price from CNY 129,800 to CNY 209,800 after subsidies.

Beijing Cuts Electric Vehicle Subsidies, Winter is Coming for the EV Startups
Four ministry-level authorities including the Ministry of Finance have introduced tougher subsidy policies to improve the technological standards of the NEV (New Energy Vehicles) industry by a statement on Tuesday evening.

Four ministry-level authorities including the Ministry of Finance have introduced tougher subsidy policies to improve the technological standards of the NEV (New Energy Vehicles) industry by a statement on Tuesday evening.

WM Motor Officially Launches Its L2 ADAS Function
The new EX5 comes with a high-definition camera, three millimetre-wave radars, four panoramic cameras and 12 ultrasonic radars.

The new EX5 comes with a high-definition camera, three millimetre-wave radars, four panoramic cameras and 12 ultrasonic radars.

China's Answer to Tesla: Xpeng and NIO Backlash
Internal disputes, lawsuits, layoffs, reorganization, and operations changing, this is what baffling new Electric Vehicle companies. After all, talents and delivery are the top two primary priorities for Electric Vehicle companies.

Internal disputes, lawsuits, layoffs, reorganization, and operations changing, this is what baffling new Electric Vehicle companies. After all, talents and delivery are the top two primary priorities for Electric Vehicle companies.

WM Motor’s CEO: “We Can and Should be Higher Valued Than Tesla”
Shen Hui touched upon several developments in the emerging auto industry and revealed his inspiring vision

Shen Hui touched upon several developments in the emerging auto industry and revealed his inspiring vision

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