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WM Motor s bankruptcy highlights challenges faced by EV startups in China

Chinese electric vehicle startup WM Motor has filed for bankruptcy, an example of yet another once-promising EV upstart that has been pushed to insolvency as bigger players gain market share and Chinese spending on big ticket items dwindles. WM Motor, backed by Baidu and Tencent, was one of the most well-funded EV startups in China, alongside Nio, Li Auto and XPeng. As it turns out, that money wasn't sufficient to compete in China's EV market, where automakers are crumpling under pressure to introduce new smart features and luxury products at increasingly lower price points.

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China s EV startups face challenges after WM Motor s bankruptcy

WM Motor, another promising Chinese EV startup, has filed for bankruptcy as bigger players gain market share and Chinese spending on big ticket items declines. WM Motor, Nio, Li Auto, and XPeng were China’s best-funded EV startups, backed by Baidu and Tencent. Investors gave the company over $5.3 billion, including $1.47 billion in 2020. Unfortunately, …

Hong kongChina passenger car associationKaixin auto holdingsEvergrande new energy autoLei xingChina auto reviewApollo future mobilityWeibo tuesdayRising autoNanjing city

German automakers in darkest moment speed up EV transition - Chinese executive

German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling partnerships with the likes of EV startup Xpeng, its CEO Brian Gu said.

Wan gangSachsen anhaltZhang yanJia jianxuElaine hardcastleBrian guOlaf scholzWorld new energy vehicle congressChina auto reviewDongfeng motorVictoria waldersee

German automakers in darkest moment speed up EV transition

German automakers in darkest moment speed up EV transition
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Zhang yanSachsen anhaltWan gangElaine hardcastleJia jianxuOlaf scholzBrian guWorld new energy vehicle congressChina auto reviewDongfeng motorVictoria waldersee

German automakers in darkest moment speed up EV transition – Chinese executive | WKZO | Everything Kalamazoo

MUNICH (Reuters) - German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling par.

Sachsen anhaltZhang yanWan gangElaine hardcastleBrian guJia jianxuOlaf scholzWorld new energy vehicle congressChina auto reviewDongfeng motorVictoria waldersee