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Tencent and Baidu-backed EV marque WM Motor, once seen as a potential challenger to Tesla, files for bankruptcy in China

The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.

China s EV war: only the strongest will survive as BYD, Xpeng s dominance knock out 15 pretenders amid supply glut

China’s fast growing electric vehicle market has seen a proliferation of manufacturers at a time when demand was boosted by government subsidies. But rising costs and slowing demand are beginning to weigh on the smaller players who are now faced with the risk of elimination.

China s economy in meltdown as investors banned from buying stocks in giant

China state asset manager plans $14-B emerging industry fund -report

China state asset manager plans $14-B emerging industry fund -report
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