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WM Motor China Restructure: Chinese EV startup WM Motor files for pre-restructuring, ET Auto

WM Motor China Restructure: Founded in 2015 by renowned auto veteran Freeman Shen, WM Motor was seen to be among rising Chinese EV startups Nio , Li Auto and XPeng. Its backers included Chinese tech giant Baidu and Shanghai s state-owned asset regulator. ....

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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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Meet the World's First Mass-Produced Automotive Grade MEMS Solid-State LiDAR at CES 2022

Meet the World's First Mass-Produced Automotive Grade MEMS Solid-State LiDAR at CES 2022
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China's electric car start-ups turn to private equity, venture capital for funds as they are turned away from Shanghai's Star Market

These applicants fell victim to Star Market’s tighter approval procedure, requiring substantial investments in research and development (R&D), as well as products that contain “hard technologies.” ....

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Indonesia Jadi Kantor Pusat Startup Otomotif

Perusahaan startup otomotif asal China, membuka kantor mereka di Indonesia untuk pemasaran wilayah Asia Tenggara. ....

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