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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. ....

Hong Kong , Evergrande New Energy Auto , China Passenger Car Association , Kaixin Auto Holdings , Lei Xing , China Auto Review , Apollo Future Mobility , Rising Auto , Nanjing City , Li Auto , Tdm Motor , Capital Market , Bankruptcy Filing , Mei Xing , Kaixin Auto Holdings , Price Points , Price Volatility ,

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 Kong , China Passenger Car Association , Kaixin Auto Holdings , Evergrande New Energy Auto , Lei Xing , China Auto Review , Apollo Future Mobility , Weibo Tuesday , Rising Auto , Nanjing 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 Gang , Sachsen Anhalt , Zhang Yan , Jia Jianxu , Elaine Hardcastle , Brian Gu , Olaf Scholz , World New Energy Vehicle Congress , China Auto Review , Dongfeng Motor , Victoria Waldersee ,

German automakers in 'darkest moment' speed up EV transition

German automakers in 'darkest moment' speed up EV transition
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Zhang Yan , Sachsen Anhalt , Wan Gang , Elaine Hardcastle , Jia Jianxu , Olaf Scholz , Brian Gu , World New Energy Vehicle Congress , China Auto Review , Dongfeng Motor , Victoria 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 Anhalt , Zhang Yan , Wan Gang , Elaine Hardcastle , Brian Gu , Jia Jianxu , Olaf Scholz , World New Energy Vehicle Congress , China Auto Review , Dongfeng Motor , Victoria Waldersee ,